Investment Associates, Inc. v. Standard Power & Light Corp.

Seitz, Vice-Chancellor.

The ultimate object of this litigation is to determine whether the class B common stockholders of Standard Power and Light Corporation (hereinafter called Standard) elected the two directors they were entitled to elect at the annual stockholders’ meeting held May 7, 1946.

This petition under Section 31 of the General Corporation Law, Rev. Code 1935, § 2063, to review the May 7 election is confined to the election of the two directors which the class B common stockholders were entitled to elect under Standard’s certificate of incorporation. I might add that the class B…