Hornsby v. Holt

Clarke, Presiding Justice.

Stephen Holt, appellee, seeks to enforce a right of first refusal against the successful bidder in a sale under power contained in a security deed. The trial court held the right enforceable. We affirm.

In 1968, Grady Holt conveyed 1100 acres of land in equal undivided interests to his two sons, Stephen Holt and Donald Holt. He took back a note and security deed. Upon the death of the father, the note and security deed passed by will to the widow, Mrs. Hornsby, who is the stepmother of Stephen and Donald and the appellant here. In 1980, Stephen and Donald decided to…