Briant v. McGown

McCLENDON, C. j.

Tbe controlling question in this case involves the proper construction of item 22 in the 1925 codicil to the will of J*. D. Sugg, deceased, under which appellee Mrs. Nettie McGown and her children were given all of Sugg’s stock in the Accidental Oil Mills. At the time the codicil was written, the testator had advanced over $200,000 to the oil mill, which was in excess of the value of its assets; and the question presented is whether the legatees took the stock freed from or charged with the amount of these advances as an indebtedness against the cor•poration.

The suit was by…