Holi-Rest, Inc. v. Treloar

REYNOLDSON, Justice.

This appeal arises out of a stockholder’s derivative action initiated by shareholder Pearl Coll for the corporation Holi-Rest, Inc., and in her own right, against Max B. Treloar. Trial court rendered judgments against Treloar on behalf of the corporation for $10,500, on behalf of Mrs. Coll for $6750, and taxed the costs against him. Treloar appeals from those judgments. Holi-Rest and Mrs. Coll cross appeal from trial court’s failure to award all of the relief prayed for. We affirm in part, reverse in part, modify and remand with instructions.

Treloar was reared in his…