Tigrett v. Pointer

ON MOTION FOR REHEARING

GUITTARD, Chief Justice.

Three points raised in appellees’ motion for rehearing deserve additional comment. All are overruled except the one concerning corporations other than Heritage Building Company and Heritage Corporation. Insofar as the judgment concerns those corporations, the motion is granted.

Inadequate Capitalization

Appellees contend that we erred in considering capitalization of Heritage Building Company at the time its assets were transferred to Pointer rather than at the time it was originally incorporated. They argue that a corporation that had adequate…