Legal Opinion
Republic Steel Corp. v. Canyon Culvert Co.
New Mexico Supreme Court
Decided July 25, 1986No. 16272PublishedCited by 3 opinions
1Opinion of the Court
OPINION
WALTERS, Justice.
Plaintiff Republic Steel is a creditor of defendant Canyon Culvert Co., a manufacturer of steel culverts, whose sole shareholders were defendant John Guilding and his wife. On August 29, 1984, defendant Armco, Inc. purchased virtually all of Canyon Culvert’s manufacturing equipment. Between September 4 and October 15, 1984, Canyon Culvert transferred its remaining piece of equipment, its office furniture, and its inventory to Canyon Steel, a newly-formed corporation whose principal shareholder was John Guilding.
Having received written assurance from Canyon Culvert’s…
2Cases cited5 opinions
- Hobart Mfg. Co. v. Joyce & MitchellCourt of Appeals of Texas · 1928
- All Nite Garage, Inc. v. AAA TOWING, OF RENONevada Supreme Court · 1969
- ABM Escrow Closing & Consulting, Inc. v. Matanuska Maid, Inc.Alaska Supreme Court · 1983
- H. L. C. Imports Corp. v. M & L Siegel, Inc.Civil Court of the City of New York · 1979
- Hughes-Curry Packing Co. v. SpragueIndiana Supreme Court · 1929
3Cited by3 opinions
- Professional Marketing Distributors, Inc. v. Feldman Associates, Inc.Court of Appeals of Georgia · 1991
- ADI Fabricators, Inc. v. Harsco Corp.Court of Civil Appeals of Alabama · 1995
- Republic Steel Corp. v. Canyon Culvert Co.New Mexico Supreme Court · 1986