Vale v. Atlantic Coast & Inland Corp.

Seitz, Chancellor:

The complaint seeks, alternatively, the specific performance of an agreement to give an option or the appointment of a liquidating receiver. This is the decision on the individual defendant’s motion to dismiss and the plaintiff’s motions for judgment on the pleadings or summary judgment.

Plaintiff, Ruby R. Vale, owns 250 shares of the stock of the defendant, Atlantic Coast and Inland Corporation. The other outstanding 250 shares were owned by the individual defendant, William P. *52Short. Defendant, Short, died after the commencement of this action and his administrator has been…