Goodar Investment Co. v. Detroit Bank & Trust Co.

This controversy concerns the disposition of certain shares of capital stock in Rammler Golf Corporation, a closely-held Michigan corporation which was chartered in 1930. None of the original incorporators, officers, directors, or shareholders remain connected with the corporation in any capacity. By 1952, the entire capital stock of the corporation had been acquired by three parties: Carl Hannebauer, who held 50% of the outstanding shares, and Frank W. Priehs and the Goodar Investment Company, a Michigan corporation, each of whom owned 25%. Hannebauer, Priehs, and Francis C. Goodar, the…