Belanger v. East Texas Service Corp.

MARVIN, Judge.

The issue in this case is factual: Was there a prior sale of 100 shares of corporate stock to the appellant before plaintiff Be-langer sold 40 shares thereof to his five co-plaintiffs? The trial court answered no. We affirm.

In 1973, Belanger owned 100 shares of the capital stock of the defendant corporation (ETSC). In September, 1973, Belanger was dissolving various business associations he maintained with two other gentlemen in another corporation. A formal contract was executed to accomplish this but this contract did not mention Belanger’s stock in ETSC, although the contract…