Farley v. Lawson

Hatcher, Judge:

Logan Hospital Association, a corporation, was owned and operated by plaintiffs Farley and Steele and defendant Lawson. In June, 1919, it voluntarily conveyed to each of these parties an undivided one-third interest in all its property both real and personal. Shortly after this conveyance, the corporation was formally dissolved. Both the name and the business of the corporation were continued by the three grantees as a partnership until the summer of 1920, when Lawson conveyed his undivided one-third interest in all the partnership property to Farley. Farley and Steele then…