Payne v. Little Motor Kar Co.

BARCUS, J..On April 8, 1920, appellees A. R. Blankenship, D. P. Blankenship, G. K. Anderson, and Charles W. Judge, as stockholders in the unincorporated association known as the Little Motor Kar Company, acting under a declaration of trust, brought suit in the district court of Dallas county for themselves and for all other stockholders similarly situated with them, and named as defendants W. S. Livezey, R. L. McCoy, and Geo. W. Strieker. Appellees alleged in substance that the three defendants above named, as trustees of the Little Motor Kar Company, were misappropriating the funds of the…