Reed v. Burton Abstract & Title Co.

This is an action for an accounting and b,n injunction pending final disposition of the cause. Plaintiff, Harriet Burton Beed, is a stockholder of Burton Abstract & Title Company, and is tbe owner of approximately 10% of its corporate stock. On June 7, 1950, she filed a bill of complaint in the circuit court of Wayne county against the above-named defendants in which she charges the defendants with illegal and unlawful withdrawal of corporate funds and conversion of the same. She' particularly charges Ralph Burton with having" received large sums of money over a period of years in addition to…