Seestedt v. Southern Laundry, Inc.

THOMAS, J.:

The chancellor dismissed a bill of complaint, expressing in his order the view that the pleading was “beyond hope of amendment” and it is this ruling which is challenged in the appeal.

The suit involved twenty-five shares of stock in the defendant corporation, Southern Laundry, Inc. There were outstanding, at the time the suit was commenced, one hundred and fifty shares of stock in the company, seventy-five of them owned by appellee Elvins and wife, fifty by the appellant and wife and twenty-five held by the corporation “as treasury stock.”

At the beginning of the period relevant to…