181 Ky. 21 | Ky. Ct. App. | 1918
Opinion of the Court by
Dismissing appeal as to Central Coal & Iron Company and affirming as to other appellees.
The appellant, Laura E. Francis, and others, who were stockholders in the Richmond Mining Company, instituted this suit against the Central Coal & Iron Company, which was also a stockholder, for a dissolution of the first named company, and a sale of its assets and a division of the proceeds of the sale of the assets in accordance with the respective interests of the stockholders. The petition among other things averred that a certain tract of land, which was situated in Muhlenberg- county, and the- legal title to which had been conveyed to Lewis Francis, W. B. Smith, C. J. Bronston and A. B. Lyman, but that the legal title to which was vested in the above named parties as trustees for the corporation. The further allegation was made that the Central Coal & Iron Company had had the possession and use of all the real property of the corporation sought to be dissolved for a considerable number of years, and it was proposed to make it liable to the stockholders for the rents and' profits. The appellant, after joining in the petition as plaintiff in her own right, thei*eafter filed an answer and cross-petition, in which she claimed to be the owner in her own right of eighty shares' of the capital stock of the Richmond Mining Company, and that as administratrix of Lewis Francis was the owner of an undivided one-fourth interest in a tract of land of which Francis, Smith, Bronston and Lyman had held the legal title and denied that her intestate held the interest in the land as trustee. The Central Coal & Iron Company filed an answer, counter-claim and cross-petition, in which it claimed to be the sole owner of the tract of land. On the 28th day of May, 1910, the court rendered a judgment to the effect that the land was owned by the Richmond Mining Company, and that it should be sold for the purpose of winding up the concern and liquidating its affairs. The appellant and the
After the entry of the above judgment and on the same day another judgment was rendered in the action, which purported to be done upon and by agreement of all the parties. In this judgment, it was recited that it was' agreed that the tract of land, in which appellant claimed an interest, was the property of the Richmond Mining Company, and that Francis, Smith, Bronston and Lyman held the legal title, as trustees, for the corporation, and that all the shares of stock in the company, including those owned by appellant, be transferred to the Central Coal & Iron Company, and that it should thereby be the owner of all the property of the Richmond Mining Company; that the answers and cross-petitions of the Central Coal & Iron Company and the appellant be withdrawn and that the first judgment be set aside and held for naught and the master commissioner of the court was directed to convey the lands mentioned to the Central Coal & Iron Company.
Subsequently, on the 23rd day of September, 1911, the appellant, in her own right, filed in the clerk’s office a pleading, which was denominated an “amended petition in equity,” otherwise having the style in which the foregoing judgments were rendered, and prayed that the foregoing agreed judgment be vacated upon the ground that it was entered without her knowledge or consent and that she had learned of its rendition immediately before the filing of the paper. Thereafter, on August 7th, 1912, and April 3rd, 1913, amendments to this pleading were filed. All of the parties to the judgments of May 28th, 1910, or their representatives, were either summoned or entered their appearances to the amended petitions, except the Central Coal & Iron Company, which does not seem to have been brought before the court in any way. On October 11th, 1915, the action .was submitted for trial and judgment upon the amended petition in equity, and its amendments, and the court adjudged that they be dismissed. The appellant excepted and prayed an appeal from the first judgment rendered on May 28th, 1910, and from the one of October 11th, 1915.
The Central Coal & Iron Company having been summoned to answer this appeal, has made a motion to dis
The other appellees were parties to all three of the judgments and make no objection to the agreed judgment of May 28th, 1910. The interests transferred by them to the Central Coal & Iron Company, in the agreed judgment are separate and distinct interests from the interest claimed by appellant, in this, that a specific number of shares of the capital stock is transferred by them to the Coal & Iron Company and the same appears to have been done by the appellant. In the action, which resulted in the first judgment of May 28th, 1910, the appellant claims to have been the owner of an interest in the land as the administratrix of Lewis Francis. It is very clear that as such she can not maintain an action for the recovery of the land, as it would be the property, not of the personal representative, but of the heirs
The appeal is, therefore, dismissed as to the Central Coal & Iron Company, and the judgment of October 11th, 1915, dismissing the proceedings is affirmed as to the other appellees.