In Re Collins-Doan Co.

I am unable to agree with the determination to reverse the judgment under review.

The majority opinion sets forth the facts with respect to the equal division of the stock.

The certificate of incorporation provides for four directors of the corporation, two of whom are to be elected by the holders of the preferred stock, and two directors by the holders of the common stock.

The plaintiffs seek relief under the provisions of R.S. 14:13-15, which reads:

"Every corporation organized under Title 14 of the Revised Statutes may be dissolved by the decree of the Court of Chancery when it is made to…