Kelliher v. Herman

ROONEY, Justice.

Appellants, with others, were stockholders in Colossal Enterprises, Inc., a Wyoming corporation (hereinafter referred to as “Colossal”). Appellants and Colossal, with others, were stockholders in A & I Equipment, Inc., a Wyoming corporation (hereinafter referred to as “A & I”). A & I executed a promissory note to appellee in the principal amount of $260,590.00. Colossal and appellants, with others, personally guaranteed the payment of the note “as is equal to the percentage of stock ownership held by such individual guarantor in” A & I. A & I became insolvent; and all…