In re Farm Industries, Inc.

Seitz, Chancellor:

The petitioner Herman ICnaust has applied for a summary order for the election of directors of Farm Industries, Inc., a Delaware corporation. He alleges that he owns a majority of the outstanding Class A and Class B common stock of the corporation and that together with his immediate family he owns 73% of all the issued and outstanding stock. He further alleges that the annual meeting of stockholders which should have been held, according to the bylaws, on February 15,1963, has never been noticed or held.

The defendants, John A. Bouvier, Jr., Joseph T. Garland, and Morris…