Supreme Court of Florida, 1940

Drew v. Gais Realty Corp.

Drew v. Gais Realty Corp.
Supreme Court of Florida · Decided February 27, 1940 · Pee, Whitfield, Brown, Chapman, Terrell, Buford, Thomas, Compiled, Laws, Rules
194 So. 326; 142 Fla. 141 (Southern Reporter)

Drew v. Gais Realty Corp.

Opinion of the Court

Pee Curiam.

This appeal arises out of the same controversy as Gais, et al., Executors v. Drew, Adm., filed this term. In the action for distribution of the assets of Gais Realty Corporation', one of the lots alleged to be part of the assets of the corporation was dismissed from the lis pendens and freed from all claims of Gais Realty Corporation, on the grounds “that the plaintiff and the intervenor have failed to meet the burden of proving that the title to said Lot 26 of Tangier Estates is in' fact in the Gais Realty “Corporation; * *

In an amendment to the original bill of complaint it is alleged “that said conveyance of said Lot 26, Tangier Estates by said Gais Realty Corporation to PI. M. Gais, Inc., was, is and has since its transfer been void, frustrate and of non-effect for the reason that said conveyance was made without consideration therefor and for the purpose of the wrongful dissipation of the assets of- the said Gais Realty Corporation, and for the purpose of hindering the plaintiff in the assertion of his rights as a stockholder of the said Gais Realty Corporation, and for the purpose of defrauding your plaintiff of his proper distribution of the dividends thereon.”

The evidence of the transaction as presented by the record is sufficient to support the findings of the trial court •and the final decree appealed from is—

*143 Affirmed.

Whitfield, P. J., and Brown and Chapman, J. J., concur. Terrell, C. J., concurs in opinion and judgment. Justices Buford and Thomas not participating as authorized by Section 4687, Compiled General Laws of 1927, and Rule 21-A of the Rules of this Court.

Case-law data current through December 31, 2025. Source: CourtListener bulk data.