Hederman v. George

This is an appeal from a judgment dismissing an action seeking to make the distribution of mining stock in the estate of James Eldon George, deceased, subject to the right of the plaintiffs to exercise options to buy, given by the decedent.

James Eldon George and his brother Frank had a lease on some mining property which they were promoting. They met with financial difficulties, and Charley Woodis and associates bought them out. The purchasers took an assignment of the lease and incorporated the Gregor Mines, Inc. The corporation was capitalized at fifty thousand dollars, with five million…