Johnson v. Spartanburg County Fair Ass'n

OxnEr, A. J.:

This action was brought by appellants, as minority stockholders of Spartanburg- County Fair. Association, to enjoin the Association, its officers and directors, from selling all of its assets, except money in the bank and certain securities, for $17,718.12 to Howard McCravy and George S. DePass as trustees for a new fair association to be organized by them, and to have the shares of stock owned by appellants in said corporation appraised under the terms of Section 7706 of the 1942 Code. The proposed purchasers were allowed to intervene and were made parties defendant. All issues…