Soloski v. Hetrick

POPOVICH, Judge:

This case involves an appeal from the order of the Court of Common Pleas of Armstrong County validating 500 shares of common stock issued to the plaintiff (Edward L. Soloski) by I.P. Shumaker, Inc., one of the three named defendants/appellants in the case at bar. 1 We affirm.

The instant suit was commenced by the filing of an Action For Declaratory Judgment 2 by the plaintiff. Therein, he alleged that the majority stockholder of I.P. Shumaker, Inc., Dennis Reddinger, directed him to issue 10,000 shares of the corporation’s stock in the following manner: 9,000 to Reddinger, 500…