Mankin v. Bryant

56 S.E.2d 447, 206 Ga. 120
CourtSupreme Court of Georgia
DecidedNovember 14, 1949
Docket16808, 16809.
StatusPublished
Cited by4 cases

This text of 56 S.E.2d 447 (Mankin v. Bryant) is published on Counsel Stack Legal Research, covering Supreme Court of Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Mankin v. Bryant, 56 S.E.2d 447, 206 Ga. 120 (Ga. 1949).

Opinion

The petition stated a cause of action for specific performance of a promise to convey land, under the Code, § 37-804, and the trial court did not err in any of its rulings on the various grounds of demurrer, for the reasons pointed out in the opinion.

Nos. 16808, 16809. NOVEMBER 14, 1949.
Curtis H. Bryant filed his petition in the Superior Court of Fulton County, against Mrs. Helen Douglas Mankin, Guy Mankin, Dr. Randolph Smith, and Blue Heron Lake Inc., alleging substantially:

Guy Mankin is the husband and Dr. Randolph Smith is the *Page 121 brother-in-law of the defendant, Mrs. Helen Douglas Mankin. The plaintiff and the defendants own the entire issue of the stock of Blue Heron Lake Inc., a corporation organized under the laws of Georgia. The plaintiff owns 40 shares of stock; Helen Douglas Mankin and Guy Mankin own jointly 40 shares of said stock; and the other defendant, Dr. Randolph Smith, owns 40 shares.

The defendant, Blue Heron Lake Inc., was incorporated on or about August 22, 1941, and the primary purpose and object of said corporation was to provide facilities for the residences, recreation, and health of its stockholders, and pursuant to the powers vested in the corporation, it acquired a large lake and the land surrounding the lake.

(7) The bylaws of said corporation provide: "Real estate owned by the corporation shall be deeded only to a stockholder of the corporation, and when so deeded said property carries with it the restriction that it cannot be resold, leased, or rented without being offered first to each of the other stockholders of the corporation at its reasonable market value at the time the proposed sale, lease, or rent agreement is executed."

(8) At a stockholders' meeting of said corporation, held on September 18, 1942, at which all of the stockholders were present, a resolution was passed authorizing and directing the directors to cause to be conveyed to each of said stockholders a certain tract of the property owned by the corporation, a description of the respective tracts going to each of the stockholders being set out in exhibit "A" to the petition.

(9) Immediately after this stockholders' meeting, the directors, who were the plaintiff and the defendants, the Mankins and Smith, called the directors into session and adopted the resolution of the stockholders authorizing and directing a conveyance of the tracts of land to the stockholders.

(10) The consideration for the said conveyances was the mutual benefits flowing to said stockholders from the said conveyances; the conveyance made to each stockholder was the consideration for the conveyances made to the other stockholders.

(11) Pursuant to said resolution on the part of the stockholders and directors to execute said conveyances, the plaintiff, *Page 122 in good faith, made valuable improvements in the approximate sum of $3500 on the tract of land which was to be conveyed to him, and in so doing he relied on said resolution of the stockholders and board of directors; and the defendants had full knowledge that these improvements were being made, and acquiesced therein.

(12) The improvements made by plaintiff have greatly enhanced the value of the entire property of the corporation.

(13) The other stockholders, relying on the said resolutions, have constructed temporary or vacation residences upon the tracts authorized by said resolutions to be conveyed to them.

(14) The conveyances were not executed as provided by the said resolutions. The defendants, as majority stockholders and directors, refused to co-operate with the plaintiff in the execution and delivery of the conveyances as authorized by the stockholders and board of directors, and on each occasion when the plaintiff would make demand or request for the execution and delivery of the conveyances, the said defendants would raise the objection that they desired certain changes in the written descriptions of the boundaries of said tracts.

(15) Subsequently, in order to be agreeable, and desiring to co-operate with the said majority stockholders and directors, the plaintiff agreed to certain changes in the boundaries of said tracts; and the descriptions of the tracts as finally amended and adopted at the regular adjourned annual meeting of the stockholders and directors held January 19, 1945, are attached as exhibit "B" and made a part of the petition.

(16) Subsequently to the meetings held on January 19, 1945, the plaintiff, relying upon the agreements adopted at said meetings, made further valuable improvements on the tract of land agreed to be conveyed to him; and the defendants had full knowledge of the improvements and acquiesced therein.

(17) After January 19, 1945, the plaintiff, as president and executive officer of the defendant corporation, made repeated demands of the other officers, to wit, Dr. Randolph Smith as vice-president, Guy Mankin as secretary, and Helen Douglas Mankin as treasurer, to cause Mrs. Mankin, as attorney for the corporation, to prepare said deeds in conformity with the said resolutions as aforesaid; but no deeds were ever prepared and *Page 123 presented to the plaintiff as president for execution by him as provided by the bylaws.

(18) On March 6, 1945, the defendant, Mrs. Mankin, who is and has been in complete domination of her husband, the defendant, Guy Mankin, and her brother-in-law, Dr. Randolph Smith, in conversation with the plaintiff, stated that the defendant corporation should have and retain title to a small walled-in cove immediately in front of the plaintiff's residence; also a beach surrounding said cove, also a water fountain in said cove, and also portions of a rock garden, all located partially on the tract agreed to be deeded to the plaintiff, and partially on land owned by the plaintiff and acquired from others, and all of which was constructed at the plaintiff's expense and in reliance on the agreements as aforesaid; the said defendants having full knowledge of said improvements and acquiescing therein during the entire construction thereof.

(19) From the attitude of said defendants, the Mankins and Smith, it was apparent to the plaintiff that the said defendants as majority stockholders and directors had planned, schemed, and entered into a combination and agreement among themselves to pursue a course in violation of the property rights of the plaintiff and to defraud him of the valuable improvements he had made on said tract of land in reliance on the aforesaid agreements and resolutions; and the plaintiff, acting under the authority of the aforesaid agreements and resolutions of the stockholders and directors, and under the authority vested in him by the bylaws, filed for record a deed, which had been prepared and executed by him, wherein there was conveyed to him the tract of land as authorized in the aforesaid resolutions, a copy of the deed being attached to the petition as exhibit "C".

(20) The plaintiff has at all times been ready, willing, and anxious, and has repeatedly offered, to execute deeds conveying to the defendants, the Mankins and Smith, their tracts of land in conformity with the resolutions as aforesaid, and the plaintiff did prepare, execute, and mail to the defendant Smith a deed conveying to him the said property agreed upon at said meetings; and the plaintiff has at all times stated to the defendant, Helen Douglas Mankin, that he would, at any time, execute a deed conveying to her and Guy Mankin the tract of land *Page 124

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Cite This Page — Counsel Stack

Bluebook (online)
56 S.E.2d 447, 206 Ga. 120, Counsel Stack Legal Research, https://law.counselstack.com/opinion/mankin-v-bryant-ga-1949.