Miller v. South Hills Lumber & Supply Co.

Opinion by

Mr. Chief Justice Kephart,

William F. Brown, as an individual, owned and operated the South Hills Lumber and Supply Company prior to its incorporation in 1930. He was then appellant’s husband, although by the time of the hearing in this case they had been divorced. J. T. Brady, whoi was interested in the business, placed securities belonging to him as collateral with the bank for a loan of !|15,000 to Brown in 1930, The understanding was that a corporation was to be formed by Brown, and Brady was to receive shares of stock in the company. Brown gave his judgment notes to Brady to…