Moon v. Moon Enterprises, Inc.

Terry Crabtree, Judge.

Appellant Guy Moon, Jr., appeals the Chicot County Chancery Court’s decree denying his complaint against appellees. Appellee Moon Enterprises, Inc., was a closely held, family corporation in which appellant Moon was a 20% stockholder. Moon Enterprises, Inc., had been incorporated in 1967 by members of the Moon family in order to hold the family’s real property, which was then about 700 acres of farmland. In 1991, appellee Helms and appellee Huff, the president and the secretary of Moon Enterprises, Inc., negotiated the sale of the corporation’s real property which, by…