Lakeman Realty Corp. v. Sunny Isles Ocean Beach Co.

The plaintiff, as the owner of 43 shares of the preferred stock of the defendant company, a Florida corporation, brought the present action to compel the redemption of said stock and the payment of cumulative dividends thereon. Plaintiff seeks to recover the redemption price of $110 per share together with $208 per share accrued dividends. Judgment is demanded against the defendant for $13,674.

Defendant has appeared specially and moved to vacate the service of the summons and to dismiss the complaint. The motion is based upon two grounds: (1) that defendant is a foreign corporation not doing…