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CHESAPEAKE CONSTR. CORP. v. RODMAN

[No. 132, September Term, 1969.]

256 Md. 531 (1970)

261 A.2d 156

CHESAPEAKE CONSTRUCTION CORPORATION, ET AL. v. RODMAN, ET AL.

Court of Appeals of Maryland.

Decided February 3, 1970.

Attorney(s) appearing for the Case

Donald B.W. Messenger, with whom were Joseph Gelb and Jaffee, Shaw & Rosenberg on the brief, for appellants Morris Rodman, Executor of Samuel Rodman, deceased, and Bella Rodman.

No brief filed for appellant Chesapeake Construction Corporation.

C.L. Fossett, Jr., with whom were Beatty & McNamee on the brief, for appellees.

The cause was argued before HAMMOND, C.J., and BARNES, McWILLIAMS, SMITH and DIGGES, JJ.

McWILLIAMS, J., delivered the opinion of the Court.

Chesapeake Construction Corporation (Chesapeake) is a Delaware corporation; its avowed purpose is the development of real property. In June 1967 Samuel J. Rodman (Samuel) owned 75 of the 100 shares of its stock. He was also its president and one of its directors. Karl Rodman (Karl), Samuel's brother, owned the remaining 25 shares. He was its secretary and treasurer and a director. The record is silent as to the existence...

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