Cooper v. Ken Hilton Ford Sales, Inc.

SHORES, Justice.

This is an appeal from a summary judgment granted for some of the defendants and made final pursuant to Rule 54(b), Ala. R.Civ.P., in a case involving the issue of whether a person whose claim is unliqui-dated until after all of the assets of an insolvent corporation are depleted is entitled to a pro rata distribution of the corporate assets. We affirm.

Ken Hilton Ford Sales, Inc., was incorporated in 1976 for the purpose of selling and servicing automobiles. Kenneth Hilton and Ford Motor Company owned all the shares of the corporation until May 31, 1979, when Ford purchased…