Jones Valley Finance Co., Inc. v. Tennille

115 So. 2d 504, 270 Ala. 738, 1959 Ala. LEXIS 590
Supreme Court of Alabama·Decided November 5, 1959·No. 6 Div. 442·Published·Cited by 7 cases

Opinion

LIVINGSTON, Chief Justice.

As we understand the opinion of the Court of Appeals, it is based on a finding by that court that the certificates evidence the owners of preferred stock as distinguished from a certificate of indebtedness, and that they do not include a promise to pay interest. This finding is based on the evidence, and the Court of Appeals held that the stock certificates were not the sole memoranda of the agreement between the parties.

So considered, we think the writ should be denied. It is so ordered.

Writ denied.

LAWSON, STAKELY and MERRILL, JJ., concur.

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Jones Valley Finance Co., Inc. v. Tennille, 115 So. 2d 504, 270 Ala. 738, 1959 Ala. LEXIS 590 (Ala. 1959).

115 So. 2d 504 (Jones Valley Finance Co., Inc. v. Tennille) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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