Bruckshaw v. APPANOOSE COUNTY TELEPHONE COMPANY

The principal cause of action involved in this case is a stockholders’ derivative action to test the legality of certain transactions of the officers of the Appanoose County Telephone Company. The appellant, D. J. Neale, Sr., was one of the officers. The actual question presented for review-is a narrow one. It is, under the record, were the intervenors Bertel T. Malmquist and LeRoy T. Carlson or the Iowa-Des Moines National Bank, trustee, entitled to a decree holding as a conclusion of law that the issuance of certain shares of stock “* * * should be declared null and void as of the date of…