Permafill Corp. of Louisiana v. Atiyeh

KUHN, Judge.

This appeal involves a dispute between a corporation and an individual who claims ownership of two hundred shares of the corporation’s no par value common stock. *1099Plaintiff, Permafill Corporation of Louisiana (“PCLA”)1, filed suit against defendant, Joe Atiyeh, seeking a declaratory judgment recognizing PCLA as the true owner of the stock. Alternatively, PCLA asserted that Atiyeh had breached a contract between himself and PCLA, which obligated him to pay $500,000.00 to PCLA.

Atiyeh filed a reconventional demand against PCLA alleging that a building owned by Atiyeh and used as an…