Candler-Hill Corp. v. Seminole Oil & Gas Corp.

Seitz, Chancellor:

This is the decision after final hearing on an action to recover certain shares of stock of the defendant corporation formerly owned by plaintiff corporation but now registered in the name of the individual defendant.

Plaintiff, Candler-Hill Corporation, is a Michigan corporation. In 1942 Thomas B. Wright, and his partner, Fain Gillock, *515acquired stock ownership of plaintiff. In 1944, 50% of the stock was owned by Merrel Merke, Gillock’s daughter, 40% was owned by Wright’s daughter, Phyllis Turner, and 10% was owned by Vera L. Mario, secretary of the plaintiff. Although Wright…