Reed v. Honoshofsky

Appellants David and Scott Reed appeal from a final judgment in a declaratory action which determined, in relevant part, the parties’ respective interests in Natural Resources Development Corporation (hereinafter the “corporation”). We affirm in part, and reverse and remand in part, for further proceedings consistent with this opinion.

By way of background, Charles Douglas Reed formed a Florida corporation in 1979 with the assistance of his attorney. The Articles of Incorporation authorized the issuance of 7,500 shares of common stock and listed the attorney as the registered agent, initial…