Parker v. C.E.F., Inc.

YATES, Judge.

On August 14,1987, D. Patrick Haney and John P. Russell jointly purchased 589 acres *5of land in Coffee County. Three days later, Haney and Russell conveyed by deed all the standing timber that was on the property to Flaek-Haney Timber Company, Inc. The timber deed was duly recorded in the Coffee County probate office. Jerry Parker purchased 335 of the 589 acres in September 1987. Thereafter, between September 1987 and March 1988, Flaek-Haney cut the timber on the 335 acres.

In December 1987, Haney and Russell conveyed the remaining land to C.E.F., Inc., a corporation they had…