Sheridan v. McBaine

SHANGLER, Judge.

The trial court entered a judgment to terminate a joint venture, adjudged an accounting of the venture property, and after adjustment of the equities, ordered distribution to the several venturers. The order of the court was the response to our mandate in Sheridan v. McBaine, 564 S.W.2d 540 (Mo.App.1978). That opinion determined that a subscription agreement to convey property to a corporation in return for shares of stock bound the successors in interest to the subscribers as de jure joint venturers when the corporate purpose aborted upon the death of a subscriber.

The…