McLeod v. Sandy Island Corp.

Moss, Chief Justice:

This action was originally commenced by Marlene B. McLeod, individually and as guardian of Michele McLeod, a minor, the appellant herein, against Sandy Island Corporation, et al., the respondents herein, on December 3, 1970, demanding, inter alia, that the respondents be required to transfer 94 shares of stock owned by Thomas M. McLeod in Sandy Island Corporation to the appellant, as custodian for Michele McLeod, under the “Uniform Gifts to Minors Act.”

The respondents resisted the transfer of such stock contending that pursuant to the by-laws of Sandy Island Corporation…