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KANAWHA-ROANE LANDS, INC. v. BURFORD

No. 17084.

359 S.E.2d 618 (1987)

KANAWHA-ROANE LANDS, INC. v. S. Franklin BURFORD, Administrator of the Estate of S.S. Burford, Deceased.

Supreme Court of Appeals of West Virginia.

Decided July 22, 1987.

Attorney(s) appearing for the Case

Henry R. Glass, III, Lovett, Vaughan & Cooper, Charleston, for appellant.

Stephen M. Mathias, Hoy G. Shingleton, Jr., Rice, Douglas & Shingleton, Martinsburg, for appellee.

MILLER, Justice:

This appeal by the administrator of the estate of S.S. Burford involves the validity of a by-law giving Kanawha-Roane Lands, Inc., a first option to purchase stock of a deceased stockholder at the price the stock was originally purchased. We believe the trial court correctly determined the by-law was valid and specifically enforceable and properly granted summary judgment in favor of the corporation, and...

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