Court Opinion

ID: 9763911
Source: CourtListenerOpinion
Date Created: 2023-08-29 03:00:44.820001+00
Date Added: 2024-06-11T07:29:51.068490
License: Public Domain

On Motion for Rehearing
In our original opinion, in stating that the title to the stock held in trust was not in issue and that the only issue was whether such stock was illegally voted, we cited Fletcher, Cyclopedia on Corporations, Hildebrand, Texas Corporations, and Italo Petroleum Corporation of America v. Producers’ Oil Corporation of America, and then expressed the opinion that the general principle enunciated therein, to the effect that shares of stock in a corporation owned by it and held in trust for it could not be voted, was sound. Appellees’ motion for rehearing has directed our attention to the fact that the Trial Court merely sustained' their second amended plea to the jurisdiction and their second amended motion to dismiss, and did not pass upon their special' exceptions. We, therefore, withdraw and' delete from our opinion the foregoing expression of opinion going to the merits of the case. We are still of the opinion that no issues of fact were in dispute in connection with appellees’ said plea and motion.
Appellees’ motion for rehearing is overruled.