Stone v. Lacy

STAKELY, Justice.

This is an appeal from a final decree of the equity court, denying the right of O. L. Stone (appellant) to establish an equitable interest in the real estate involved in the suit. The question for decision is whether T. E. Lacy, Sr. (appellee), is a bona fide purchaser for value of the real estate, without notice of the alleged equity of appellant.

This is the second appeal in this case to this court. In Stone v. Lacy, 242 Ala. 393, 6 So.2d 481, the equity of the bill was sustained by this court, provided the respondent had notice of the equitable interest of the complainant.…