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LANGE v. LANGE

No. 93-127.

520 N.W.2d 113 (1994)

Beth Thomas LANGE, Individually and as Executor of the Estate of Elmer P. Lange; Mary Beth Williams and Martha Jane Lange, As Individuals; Beth Thomas Lange, Mary Beth Williams and Martha Jane Lange, On Behalf of Themselves as All Shareholders of Madison Holding Company, Similarly Situated, Appellants, v. Jean W. LANGE, Gene C. Lange and Madison Holding Company, Appellees.

Supreme Court of Iowa.

Rehearing Denied September 21, 1994.

Attorney(s) appearing for the Case

Robert R. Scism of Reavely, Shinkle, Bauer, Scism & Reavely, and Richard A. Miller, Des Moines, for appellants.

Brent R. Appel and Thomas W. Andrews of Dickinson, Throckmorton, Parker, Mannheimer & Raife, Des Moines, for appellees Jean Lange and Gene Lange.

Gordon K. Darling of Darling & Darling, Winterset, for appellee Madison Holding Co.

Considered by McGIVERIN, C.J., and LARSON, LAVORATO, NEUMAN, and ANDREASEN, JJ.

NEUMAN, Justice.

This is an appeal and cross-appeal from the district court's attempt to equitably resolve a family quarrel over control of a closely held corporation. The corporation, defendant Madison Holding Company, was owned and controlled by two brothers, Elmer Lange and Jean Lange. Upon Elmer's death, Jean—the sole surviving director—took action to wrest control of the corporation from Elmer's widow...

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