BEALL v. PACIFIC NAT. BANK OF SEATTLE

No. 34999.

55 Wn.2d 210 (1959)

347 P.2d 550

JOHN E. BEALL et al., Appellants, v. THE PACIFIC NATIONAL BANK OF SEATTLE et al., Respondents.

The Supreme Court of Washington, Department One.

December 10, 1959.


Attorney(s) appearing for the Case

Evans, McLaren, Lane, Powell & Beeks, for appellants.

Holman, Mickelwait, Marion, Black & Perkins, J. Paul Coie, David E. Wagoner, Kellogg, Reaugh, Hart & Allison, and Don Reaugh, for respondent Pacific National Bank of Seattle.

Bayley, Fite, Westberg & Madden, for respondent Puget Sound Fabricators, Inc.


OTT, J.

The Pacific National Bank of Seattle, as executor of the estate of Harry S. Bowen and as trustee of three trusts created by members of the Bowen family, representing, in the aggregate, approximately eighty-eight per cent of the capital stock of Puget Sound Fabricators, Inc., offered the physical assets of the corporation for sale. A vice-president and trust officer of the bank was a member of the board of directors of Puget Sound Fabricators, Inc., and active...

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