Cates v. Woody

O’QUINN, Justice.

All parties in this action, as shareholders in Orleans Harbour, Inc., a Texas corporation, entered into written guaranty of the corporation’s obligations to the Capital National Bank of Austin.

Two of the shareholders, who pursuant to the guaranty agreement paid the corporation’s obligations, brought this suit in Travis County to collect from the remaining shareholders the proportionate sums thereby paid the bank in behalf of the defendant shareholders. The defendants, residents of Dallas County, filed their plea of privilege to be sued in the county of their residence.

The…