F. F. White and P & W Oil Co. v. Perkins

This is an appeal from a final decree by the trial court holding a minority stockholder, Edgar B. Perkins (Perkins), entitled to relief by reason of oppressive acts by F. F. White (White), who was an officer, director and majority stockholder of P & W Oil Company, Incorporated (the company). While holding White’s conduct oppressive, the court declined to decree dissolution of the company.

In lieu of dissolution the court decreed: (1) that the company should declare and pay a dividend of $8,000.00 to its stockholders; (2) that White’s claims against the company in the amount of $11,-240.18 be…