Furr v. Hall

REYNOLDS, Justice.

Resolving the ultimate issues, the trial court correctly determined that two of the three executors’ proposed redemption of the estate’s shares of stock by corporations which the two executors successfully controlled and managed as directors and stockholders, as well as officers in two of the corporations, would violate V.T.C.A., Probate Code § 352 (1956), and would be enjoined. Affirmed.

Roy Furr died 13 June 1975, survived by his wife and their three children. His will, with an attached codicil, named his children, Roy K. Furr, Don G. Furr and Shelley Furr Hall, who are…