Barnett v. Maida

KEITH, Justice.

Plaintiff appeals from a summary judgment and we will designate the parties as they appeared in the trial court.

During the year 1958, plaintiff Barnett became interested in the construction of a shopping center in Beaumont and associated the defendants, Maida and Moor, in the venture. One Dickson was also interested in the original venture and the four parties incorporated as Stadium Center, Inc. The capital of the corporation was $1,000 and the shares were distributed equally among the four participants. Subsequently, Dickson’s shares were purchased by the corporation and he…