Smith v. Stuckey

Pope, Presiding Judge.

Appellees W. S. Stuckey, Jr., Lynda Stuckey Franklin (the “Stuckeys”) and Citizens Corporation (“Citizens”) sued appellant Hal M. Smith, Jr., for specific performance of a stock option agreement, or in the alternative for a declaratory judgment. A jury granted the Stuckeys and Citizens specific performance under the agreement and awarded them attorney fees in the amount of $14,687.75. Smith appeals from the denial of his motions for directed verdict on the ground that the stock option agreement was void under the rule against perpetuities. He also appeals the trial…