Turner v. West Ridge Apartments, Inc.

West Ridge Apartments, Inc. ("West Ridge"), filed a declaratory-judgment action against Tivica Turner, individually and as executrix of the estate of John Turner, deceased. West Ridge sought a declaration of its rights under the corporate bylaws as to the 100 shares of West Ridge stock owned by John Turner, Tivica's father, at the time of his death and its rights as to the proceeds from a policy insuring the life of John Turner.

I. Facts and Procedural History

On July 28, 1993, Ralph Sanders, Earl Sanders, and John Turner executed and filed the articles of incorporation of West Ridge. The…