Henry I. Siegel Co., Inc. v. Holliday

BARROW, Justice.

Petitioner, Henry I. Siegel Co., Inc. (Sie-gel), sued respondent, Edna Holliday, along with Alfred and Barbara Graham to collect on a sworn account. Siegel is a creditor of now-dissolved Holly Gram, Inc. (Holly Gram). Mrs. Holliday and the Grahams were officers and directors of Holly Gram. Siegel sought to hold the directors personally liable for Siegel’s claim against Holly Gram on the basis of the “trust fund doctrine.” The trial court, after a non-jury trial, rendered judgment for Siegel against all three officers/directors jointly and severally. Only Mrs. Holliday…