Lowe v. April Industries, Inc.

HENRIOD, Chief Justice:

Appeal from a judgment on a jury verdict in a breach of stock registration agreement. Affirmed, with costs to respondents.

In 1916 Alta-Helena M&M was incorporated in Utah. By 1968 with assets of $28,000 it faced dissolution. Respondent Lowe, lawyer, secretary and director of the corporation who had performed various legal duties for the entity, suggested acquisition or merger possibilities. The directors responded. Lowe negotiated with one Parker in the summer of 1969.

A proposition arose where Parker would transfer an income-producing leasehold to Alta-Helena in…