Kohn v. Birmingham Realty Co.

352 So.2d 834 (1977)

John P. KOHN, Jr.

v.

BIRMINGHAM REALTY CO., a Corp., et al.

SC 2256.

Supreme Court of Alabama.

September 23, 1977.

As Corrected On Denial of Rehearing December 16, 1977.

James L. Shores, Jr., Birmingham, Truman Hobbs, Montgomery, for appellant.

William Bew White, Jr., Hobart A. McWhorter, Jr., Carolyn Burgess Featheringill, Birmingham, for appellees.

FAULKNER, Justice.

This is an appeal from a final decree declaring that defendants had not breached any fiduciary duty or violated any corporate laws in redeeming corporate stock. We affirm.

On August 27, 1976, John P. Kohn, Jr., a…