[Download] "George Q. Mcgown v. Howard S. Kittel" by Second District, fort Worth Court of Civil Appeals of Texas * eBook PDF Kindle ePub Free
eBook details
- Title: George Q. Mcgown v. Howard S. Kittel
- Author : Second District, fort Worth Court of Civil Appeals of Texas
- Release Date : January 14, 1972
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 62 KB
Description
Appellant, George Q. McGown, Jr. (hereinafter referred to as plaintiff), a minority stockholder in Highland Park, Inc. (hereinafter referred to as Highland Park), a Texas corporation, brought suit against appellee, Howard S. Kittel (hereinafter referred to as defendant), president and principal stockholder of Highland Park, to partition and account for the assets of said corporation on the theory that the forfeiture of Highland Parks charter on April 14, 1966, by the Secretary of State in accordance with Article 12.17(2) of the Franchise Tax Act, Taxation -- General, V.A.C.S., for failure to pay state franchise taxes ended Highland Parks corporate existence and caused the ownership of its assets to vest in its stockholders in accordance with their stock ownership. Defendants chief defense to this suit is that on June 14, 1971, the Secretary of State of Texas, acting under Article 12.17(3)(b) of the Act, reinstated the corporate charter of Highland Park and thereby revived its corporate existence. The Court granted the defendants motion for summary judgment based upon the above defense and rendered a summary judgment against the plaintiff. This appeal is from that judgment.