Supreme Court of Arkansas December 11, 1950, 4-9302 (Stout v. Oates)

Leflar, J.

This is an action brought by W. I. Stout, minority stockholder in the Southern Mattress Co., an Arkansas corporation, to compel J. Carl Oates, Elsie P. Oates, and Sam C. Oates, officers and majority stockholders, to repay to the corporation certain sums received by them as “salaries” during the years 1941-48. The Chancellor found for the defendants and dismissed Stout’s complaint.