Shufflebottom v. Penn Iron Co.

Hassler, J.,

The petitioners in this case ask for the appointment of an appraiser to appraise the interest of Charles H. Shufflebottom, Jr., in the Penn Iron Company, Limited.

The facts are not in dispute, and are as follows: The “Penn Iron Company, Limited,” was organized on Feb. 14,1901, under the Act of June 2, 1874, P. L. 271, to exist for a period of twenty years, that is, until Feb. 14, 1921, with a capital stock of $200,000. John Lorentz subscribed for $3500 of it, being less than 2 per cent, of the whole amount. He was the owner of this stock at the time of his death on Feb. 19, 1917,…