Johansen v. St. Louis Union Trust Co.

* NOTE: Opinion filed at May Term, 1939, July 7, 1939; motion for reheading filed; motion overruled at September Term, September 14, 1939. This cause is in equity, and is by the bond holders and general creditors of the Grove-Dowling Hardwood Company, a Florida corporation, to recover an alleged balance due on stock from the E.W. Grove, Sr., estate, which estate owned 50,000 shares of stock, in the corporation, of the par value of $100 each. In full payment for 49,984 shares of the stock, E.W. Grove, Sr. (prior to his death) conveyed to the corporation 110,000 acres of land in Levy County,…