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VAN BUREN v. HIGHWAY RANCH, INC.

No. 33037.

46 Wn.2d 582 (1955)

283 P.2d 132

AMIEL VAN BUREN et al., Respondents, v. HIGHWAY RANCH, INC., et al., Appellants.

The Supreme Court of Washington, Department Two.

May 5, 1955.

Attorney(s) appearing for the Case

Ogden & Ogden and Hamblen, Gilbert & Brooke, for appellants.

Keith, Winston & Repsold and Gose & Williams, for respondents.

HAMLEY, C.J.

The sole business of Highway Ranch, Inc., since its incorporation in 1930, has been the leasing of its one substantial asset, a 2294-acre wheat farm in Franklin county, Washington. From 1930 to 1953, the corporation leased this farm to Amiel Van Buren, who owns one third of the corporate stock. In 1953, the corporation, under the control of Robert D. McCornack, who holds voting rights in the remaining two thirds...

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