Hibernia National Bank v. Kuebel

JjCLARENCE E. McMANUS, Judge.

At issue in this suit on a promissory note is whether the purchase of shares of stock via a promissory note is an absolute or relative nullity under La. R.S. 12:52 C, voiding the transaction at issue in this case. Defendant appeals the trial court’s judgment ruling that the promissory note giving rise to this suit is enforceable against defendant because although the transaction in this case is a relative nullity, defendant may not invoke any ground to nullify the transaction. For the following reasons, we affirm.

FACTS AND PROCEDURAL HISTORY

At the outset, we note…