First Nat. Bank of Fairbanks v. Alaska Airmotive, Inc.

HANEY, Circuit Judge.

Appeal is taken from a judgment granting appellant a judgment for $6,500 and interest, declaring a stock certificate void, but adjudicating that upon surrender thereof, appellant was entitled to a new stock certificate, and to a sale thereof in satisfaction of the money judgment.

Alaska Airmotive Co. was created in 1935 as a partnership. On November 26, 1937, the partners were Hoffman, Armit-stead and Schrank. On that day a meeting of the partners was had, and Schrank agreed to sell to the other partners her one-third interest in the firm for $3,000. Minutes of the meeting…