Freestate Land Corp. v. Bostetter

We shall here hold that the Court of Special Appeals was right for the wrong reason in Bostetter v. Freestate Land Corp., 48 Md. App. 142, 426 A.2d 404 (1981). Hence, we shall hold, as did it, that a trial judge erred in his determination that Julian L. Oliver and Irene Burris were the owners of stock in Freestate Land Corp. Accordingly, we shall modify and, as modified, affirm the judgment of the Court of Special Appeals. We specifically disapprove of the basis for its decision. It was of the view that this result was dictated by what it perceived as a failure of proof of an organizational…