[DOWNLOAD] "Cole Real Estate Corporation v. Peoples" by Supreme Court Of Indiana # eBook PDF Kindle ePub Free

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eBook details

• Title: Cole Real Estate Corporation v. Peoples
• Author : Supreme Court Of Indiana
• Release Date : January 29, 1974
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 66 KB

Description

Peoples Bank & Trust Company of Indianapolis as a minority stockholder brought an action for an accounting, recovery of corporate assets and a declaration of dividens against Cole Real Estate Corporation and Helen F. Cole, a majority stockholder. Helen F. Cole was the president and treasurer as well as the sole employee of the corporation. Evidence was submitted to the trial court upon internal operations of the corporation relating to income, earned surplus, use of corporate property and the payment of dividends. Pursuant to Indiana Rules of Procedure, Trial Rule 52 (A), IC 1971, 34-5-1-1,[Footnote 1] the trial court found that the Cole Real Estate Corporation had failed to conduct itself as a corporate entity; that the corporation had sufficient assets to allow for the declaration of a dividend; and that Helen F. Cole had converted corporate assets to her own use and benefit.

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