Abel v. Forrest Realty, Inc.

This is an action seeking dissolution of a corporation by a shareholder who owns one-third of the outstanding shares of stock. The trial court held that no grounds for dissolution of the corporation exist. We affirm.

The trial court, hearing evidence presented ore tenus, entered the following findings:

"1. That the plaintiff Burton C. Abel, Jr., is a minority stockholder in the defendant corporation Forrest Realty, Inc., having obtained in 1969 one-third (1/3) of the outstanding shares in said corporation.

"2. That for many years plaintiff Burton C. Abel, Jr., served as a director and officer of…