Allied Investment Corp. v. Jasen

HARRELL, Judge.

On 28 January 1997, appellants, Allied Investment Corporation and Allied Venture Partnership (collectively “Allied”) filed a Complaint for Declaratory Judgment and Accounting in the Circuit Court for Montgomery County. In Counts I and II of its complaint, Allied sought a declaratory judgment regarding the validity and priority of William H. Miller’s pledge in Allied’s favor of his partnership interest in Ashmere Chesapeake Limited Partnership (“Ashmere Partnership”) and his stock in Ashmere Chesapeake Corporation (“Ashmere Corporation”). Allied also sought, in Count III of its…