Rankin v. Bankey

Plaintiffs Rankin and Myers sought a declaration that since November 14, 1952, each is the owner of 33% shares of defendant Prebank Company, and each is entitled to 133% shares of the 800 shares of stock issued by Prebank as a stock dividend to shareholders of record on April 5, 1957. Defendants Bankey and Prebank Company appeal from a judgment in plaintiffs’ favor. Appellants now contend that the certificates representing plaintiffs’ stock, and the agreement between them to issue the same, were void, and that plaintiffs are not stockholders of record.

Viewing the evidence in a light most…