In re Administration of Money or Property Abandoned or of Unknown Ownership-Standard General Realty Co.

SAMUEL, Judge.

The petitioner in this suit, the Public Administrator for the Parish of Orleans, was appointed administrator of the property of Standard General Realty Company, Inc., a corporation allegedly abandoned by its stockholders for more than eight years. In due course the administrator received and accepted an offer made by William C. Garrett and Frank B. Wood to purchase certain real estate, owned by the corporation and located in the Parish of St. Tammany, at private sale for the sum of $5,200, cash, without warranty. A written contract to that effect was signed by the purchasers and…