Stanley v. Conner Construction Co.

OPINION

WARD, Justice.

This is a usury case. The Plaintiff sued for usury penalties claiming that he was a comaker on a note executed by a corporation that he controlled. The trial court directed a verdict in favor of the Defendant, holding as a matter of law that the Plaintiff was a guarantor on the corporation note and could not recover because of the prohibition contained in Article 1302-2.-09, Tex.Rev.Civ.Stat.Ann. We affirm.

John R. Stanley was the president and sole stockholder of Southern Pipe Line Corporation. In 1974, Southern contracted with Conner Construction Co. for the purpose of…