Doss v. Farmers Union Co-Operative Gin Co.

This is an appeal by I-I. T. Doss, plaintiff in the lower court, from a judgment and decree of that court dismissing his petition for an injunction against the defendant. Plaintiff brought suit as a stockholder of the defendant, Farmers Union Co-operative Gin Company, to enjoin it and its officers from apportioning its net profits to patronage dividends without first paying-dividends to the stockholders.

The defendant is that special kind of corporation known as a co-operative corporation authorized 'and controlled by sections 9870 to 9909, inclusive, O. S. 1931. Under those provisions persons…