Talbot v. James Ex Rel. Chicora Apartments, Inc.

Moss, Chief Justice:

This equitable action was brought by C. N. Talbot and Lula E. Talbot, appellants herein, against W. A. James, individually, and as President of Chicora Apartments, Inc., and Chicora Apartments, Inc., respondents herein, for an accounting. In the complaint it is alleged that W. A. James, as an officer and director of the Corporation, violated his fiduciary relationship to the Corporation and the appellants as stockholders thereof, by diverting specific funds to himself.

The respondents, by answer, denied the allegations of the complaint and alleged that W. A. James had…