Bloomfield Royalty Corp. v. Carco Investments, Inc.

SAM D. JOHNSON, Justice.

Careo Investments, Inc. acquired 393,200 shares of stock in Bloomfield Royalty Corporation. Bloomfield refused to transfer such stock on the basis that Careo was not a bona fide holder of such stock. Careo, the appellee, then brought suit to compel Bloomfield, the appellant, and its transfer agent, to register the stock allegedly purchased and to issue new certificates therefor. In so doing appellee prayed for a writ of mandamus and/or temporary injunction and/or mandatory injunction compelling the transfer of said stock.

In addition and as a further part of the instant…