Osburn v. Norris

McMurray, Presiding Judge.

In Norris v. Osburn, 243 Ga. 483, 486 (254 SE2d 860), the Supreme Court affirmed the trial court in dismissing the complaint of Norris, the same being a derivative action in which Norris alleged he was the owner of 10 shares of stock in a certain corporation in which Osburn was the president and principal shareholder, contending Osburn had appropriated two tracts of corporate real estate to his own use. At page 486 the Supreme Court held that the trial court was authorized to dismiss the complaint (1) on the ground that the statute of limitation had run; (2) Norris…