WALTER J. ROTHSCHILD, Judge.
Plaintiff appeals a judgment of the trial court which sustained defendants' exception of no right of action, determining that plaintiff lacks proper standing to maintain the current suit. For the reasons which follow, we vacate the ruling of the trial court and remand for further proceedings.
This appeal involves a dispute between the children of Richard Brazan, Sr.
Plaintiff herein, Paul Douglas Brazan, the son of Richard Brazan, Sr., filed the instant petition in August of 2002 against his siblings, who were named as officers and members of the Board of Directors of VMM. Plaintiff alleged causes of action for breach of fiduciary duty, to annul the order approving the sale of assets and for injunctive relief.
Defendants initially responded with an exception of no cause of action on the basis there were no grounds for an injunction in this matter and that plaintiff was not a shareholder of VMM and therefore could not bring an action for breach of fiduciary duty against the officers and members of the Board of Directors of the corporation. Following the death of Richard Brazan, Sr., defendants subsequently filed an amended exception of no right of action, alleging that plaintiff has no right to seek annulment of the sale of stock owned by Mr. Brazan, Sr. as such claims can only be made by the duly qualified succession representative.
By judgment rendered on November 20, 2006, the trial court sustained defendants' exception of no right of action and dismissed plaintiffs petition without prejudice. In its reasons for judgment, the court determined that since Paul Brazan was admittedly not a shareholder of VMM stock, he lacked the proper standing to bring the suit.
Plaintiff now appeals from this ruling alleging that a judgment of possession was signed on July 16, 2007 in separate succession proceedings, and that he now is in possession of this stock. Further, plaintiff alleges that as a particular legatee of certain VMM stock, the trial court erred in finding he had no right as a shareholder to bring the current action. In their brief filed in this Court, defendants no longer dispute this argument, stating that a successor is allowed to exercise rights of ownership pursuant to the provisions of La. C.C. art. 938. Defendants therefore concede that the trial court erred in sustaining their exception of no right of action.
The essential function of the peremptory exception of no right of action is to provide a threshold device for terminating a suit brought by one with no legal' interest to assert it, that is, to challenge the plaintiffs interest in the subject matter of the suit or his lack of capacity to proceed with the suit. Mason v. Kansas City Southern Ry. Co., 00-208, p. 5 (La.App. 5 Cir. 9/26/00), 769 So.2d 1249, 1252; Hennig v. Alltel Communications, Inc., 05-96, p. 3 (La.App. 5 Cir. 5/31/05), 903 So.2d 1137, 1139.
Although plaintiff contends on appeal that a judgment of partial possession rendered in the separate succession proceedings placed him in possession of a portion of the VMM stock, the appellate record in this matter fails to contain a copy of this judgment.
Nevertheless, we find that the record in the succession proceedings which is currently lodged in this court, Succession of Richard Brazan, Sr., Appeal No. 07-CA-565, contains a copy of the last will and testament of Richard Brazan, Sr. which was probated in those proceedings. In light of the fact that defendants concede in their appellate brief filed in this case that Paul Brazan was a successor to the estate of Richard Brazan, Sr., and there appears to be no reasonable dispute as to this fact, we shall take judicial notice of the documentation of the record in the succession proceedings which is currently lodged in this Court as a result of an appeal from a judgment of the trial court.
As the testament indicates that Paul Brazan is a successor to a portion of the VMM stock held by Richard Brazan, Sr., he may exercise his rights of ownership with respect to his interests in the thing of the estate. La. C.C. art. 938. Therefore, Paul Brazan has a legal interest to act with respect to his own interest in an asset such as ownership of a stock interest, and he accordingly has a stated a right of action in these proceedings. The trial court's finding that plaintiff has no right of action in these proceedings is in error, and the judgment of the trial court is therefore vacated. The matter is hereby remanded to the trial court for further proceedings.