Wright v. Owens

Opinion op the Court by

Sims, Commissioner.

Reversing.

B. P. J ones and Hiram Owens (hereinafter referred to as Jones & Owens) owned the land in fee from which the Harlan County Coal & Coke Company (hereinafter referred to as the corporation), was mining coal. The corporation encountered financial difficulty and on March 18, 1932, the Kentucky Insurance Company, a partnership, filed this action against it alleging the corporation was indebted to it in the sum of $714.98; that the corporation was largely indebted to numerous creditors ; that it was insolvent and had abandoned its property; and…