Jay v. Smith

SHANGLER, Judge.

The petitioners Jay, Jay, and Epper-son, as statutory trustees of Jay Truck Driving Training Centers, Inc. — a Missouri corporation whose charter had been forfeited — filed in the circuit court of Morgan County a motion to approve a bond to redeem from foreclosure sale under a mortgage deed of trust the land bought in by the respondent, John Huston. The deed of trust had been granted by the corporation to the Wood & Huston Bank to secure a promissory note. The statutes, §§ 443.-410-443.440, RSMo 1986, provide that real estate bought in at the foreclosure sale by the holder of…