Oklahoma Gas & Elec. Co. v. Hathaway

GIBSON, V. C. J.

This is an action by an alleged stockholder against his corporation to establish his ownership in certain shares of stock therein and to restrain defendant from canceling said shares of record. Defendant stood on its general demurrer to the petition after the same was overruled, and now appeals from the ensuing judgment.

In 1924 plaintiff subscribed for ten shares of defendant’s corporate stock at a subscription price of $97 per share. The par value thereof was $100. Until February, 1943, plaintiff was recognized as the record owner of the shares, and regular dividends thereon…