Matucci v. Davis

The issue in this case is whether the trial court erred in not decreeing a dissolution of the plaintiff D.H.M. Realty Corporation. We hold that dissolution was not compelled on the evidence.

Plaintiffs Matucci and Hession each own one-third of the stock in D.H.M. Realty Corporation and defendant James L. Davis owns the other one-third. The corporation was formed to take title to land from Davis Associates, Inc., in which Davis owned fifty-two percent of the stock and the other stockholders including Matucci and Hession owned sixteen percent each. Davis Associates built a building on the land…