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COWAN v. SALT LAKE HARDWARE CO.

No. 7463.

118 Utah 300 (1950)

221 P.2d 625

COWAN et al v. SALT LAKE HARDWARE CO.

Supreme Court of Utah.

Decided August 14, 1950.

Attorney(s) appearing for the Case

Franklin Riter, Ashby D. Boyle, Salt Lake City, for appellant.

Frank A. Johnson, Dey, Hoppaugh, Mark & Johnson, Salt Lake City, for respondent.

WADE, Justice.

This action was brought by all but one of the owners of second preferred shares of stock in the Salt Lake Hardware Co., respondent herein, to determine the right of that corporation to amend its Articles of Incorporation so as to be able to recall and redeem those shares should the Board of Directors of that company desire to do so. It was the plaintiffs' and appellants' theory that the company could not so amend its Articles of Incorporation, whereas...

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