Rose v. Trust Co. of Georgia

FOSTER, Circuit Judge.

In July, 1928, appellee was appointed executor of the estate of J. J. Goodrum, who had died June 4th, of that year, and received as part of the estate 1,488 shares of stock of the Coca-Cola International Corporation, which had been organized for the purpose of retaining control of the Coca-Cola Company in the hands of certain southern interests. The International Corporation obtained a majority of the stock of the Coca-Cola Company, which it held. It did 110 other business. Prior to' the death of Good-*356rum, it was decided to reduce its stock and permit the exchange of one…