Continental Savings Ass'n v. Gutheinz

REYNOLDS, Chief Justice.

Following the overruling of its motion for new trial, Continental Savings Association brought this appeal from a default judgment decreeing its monetary liability to Jerome Michael Gutheinz pursuant to a corporate bylaw for indemnification or reimbursement. Presenting ten points of error, three of which were drafted post-submission, Continental seeks a reversal and remand; however, on the rationale to be expressed, the judgment will be affirmed.

In 1975, Gutheinz became the executive vice-president and chief executive officer of Hale County Savings Association, and…