Burt v. Burt Boiler Works, Inc.
Supreme Court of Alabama
1Opinion of the Court
Burt Boiler Works, Inc. is a close corporation formed in Alabama in 1962. At the time of incorporation, 1700 shares of stock were issued to its three incorporators: William Raymond Burt (decedent) — 850 shares; William Albert Burt (decedent's father) — 849 shares; and Consuelo Burt (decedent's mother) — 1 share.
Prior to incorporation, the business had been operated by members of the Burt family as a partnership. As is frequently the case, the owners and operators of the business did not want the fact of incorporation to substantially change the day to day operation of the business and they…
2Cases cited7 opinions
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- Albert E. Touchet, Inc. v. TouchetMassachusetts Supreme Judicial Court · 1928
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- Bushway Ice Cream Co. v. Fred H. Bean Co.Massachusetts Supreme Judicial Court · 1933
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