Gascue v. Saralegui Land & Livestock Co.

OPINION

By the Court,

Merrill, J.:

This is characterized by appellants as a derivative suit brought by them as minority stockholders of Saralegui Land & Livestock Company on behalf of that corporation and against its officers and members of its board of directors. In the complaint it was originally asserted that the board had failed and refused to call stockholders’ meetings, to permit examination of the corporation books, to make financial reports or to declare dividends; that the appellants, accordingly, had been excluded from participation in the corporation’s affairs and from any benefit…