Florida Fruit Canners, Inc. v. Walker

HOLMES, Circuit Judge.

This is an appeal from a final decree in an equity proceeding, in which appellee, as plaintiff, secured the cancellation of a deed to an orange grove executed to the appellant Florida Fruit Canners, Inc., and, under an accounting with L. Maxcy, Inc., obtained allowances totaling $50,894.85, to be set off against a secured claim, admittedly due L. Maxcy, Inc., in the amount of $52,910, thereby reducing the claim to $2,-015.15.

The Lake Nursery Company is a Florida corporation, and on the 8th day of July, 1930, had 3,000 shares of stock outstanding; 2,990 of which belonged…