Dabney Oil Co. v. Providence Oil Co.

In this action a complaint was filed by the Dabney Oil Company to establish the plaintiff’s ownership of certain oil-bearing lands and to have certain of the defendants declared trustees for the plaintiff of property held in possession by them, and for an accounting. After the filing of plaintiff’s complaint an election of directors of plaintiff corporation was held and the control of the corporation passed from a board of directors which was acting in harmony with A. H. Butler & Company (a corporation) and others associated with them as stockholders in the Dabney Oil Company, to a new board…