Smith v. Satilla Pecan Orchard & Stock Co.
Supreme Court of Georgia
Equitable petition. Before Judge Summerall. Ware superior court. February 26, 1921. J. A. Smith brought an equitable petition against Satilla Pecan Orchard and Stock Company, as a corporation, A; F. Moor, J. E. Lawrence, and J. E. T. Bowden,- alleging in substance the following: Plaintiff is the owner of 75 shares of the capital stock of the Satilla Pecan Orchard & Stock Co. The other stockholders were Moor and Lawrence.
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Equitable petition. Before Judge Summerall. Ware superior court. February 26, 1921. J. A. Smith brought an equitable petition against Satilla Pecan Orchard and Stock Company, as a corporation, A; F. Moor, J. E. Lawrence, and J. E. T. Bowden,- alleging in substance the following: Plaintiff is the owner of 75 shares of the capital stock of the Satilla Pecan Orchard & Stock Co. The other stockholders were Moor and Lawrence. The first-named defendant was incorporated with an authorized capital stock of $50,000 of the par value of $100 per share. Four hundred sharés of the stock of the par value…
1Opinion of the CourtHill, J.
(After stating the foregoing facts.)
1. A demurrer to the petition was not filed, so far as the record discloses. Whether a court of equity has jurisdiction in this State to “ wind up ” and dissolve a corporation is not raised by the record. See, in this connection, Daniel v. Jones, 146 Ga. 583 (3), 594 (91 S. E. 665).
The petition alleges that the Satilla Pecan Orchard & Stock C-o. was chartered by the laws of the State, and that in pursuance of such charter the corporation was organized by accepting the charter and electing officers for the same. It is alleged that Moor was elected president,…
2Cases cited3 opinions
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- Daniel v. JonesSupreme Court of Georgia · 1917
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