Aaron Rents, Inc. v. Corr

Stolz, Judge.

Aaron Rents, Inc., brought a declaratory judgment action against Robert H. Corr (defendant). The litigation arose out of the following factual situation.

In the period from July 1, 1962, through March 31, 1967, the defendant purchased certain shares of stock in a corporation known as Aaron Rents Furniture, Inc. (Furniture, Inc.) The majority stockholder in this corporation was another corporation known as Aaron Rents, Inc. (Rents, Inc.), of which all capital stock was owned by R. C. Loudermilk, its president. On February 22, 1967, a special meeting of the stockholders in…