Coleman v. Galbreath

BLOODWORTH, Justice.

Appellants, Paul Coleman and C & G Excavating, Inc., appeal from a judgment for appellee, Louise Galbreath, holding that appellee is the owner of twenty-five shares of stock in C & G Excavating, Inc., and the owner of one share jointly with appellant, Coleman. We affirm.

In September 1974, Coleman and Gal-breath formed C & G Excavating, Inc., a Florida corporation, for the purpose of mining coal. They were sole stockholders with twenty-five shares issued to each and one share issued to them jointly. The shares were marked “fully paid and non-assessable.” Coleman and…