Legal Opinion
Lambert v. Farmers Bank, Frankfort, Indiana
Indiana Court of Appeals
Decided March 1, 1988No. 29A02-8705-CV-00214PublishedCited by 15 opinions
1Opinion of the Court
RATLIFF, Chief Judge.
STATEMENT OF THE CASE
Debtor appeals judgment that a certain corporation was his alter ego and that corporate assets were subject to execution in satisfaction of debtor's personal liabilities. We affirm.
FACTS
On October 14, 1988, William Lambert, individually and as president of Agricultural Aerial Applicators, Inc. (AAA), entered into an agreement to borrow money from Farmers Bank of Frankfort, Indiana (Bank). Under the terms of the promissory note the Bank loaned to Lambert the sum of $20,000, to be repaid on January 12, 1984, with an interest rate of 18.5%. As security…
2Cases cited4 opinions
- Hinds v. McNairIndiana Supreme Court · 1955
- In Re the Marriage of MoserIndiana Court of Appeals · 1984
- Extra Energy Coal Co. v. Diamond Energy & Resources, Inc.Indiana Court of Appeals · 1984
- Antrup v. StateIndiana Court of Appeals · 1978
3Cited by15 opinions
- Winkler v. V.G. Reed & Sons, Inc.Indiana Supreme Court · 1994
- In Re PhillipsSupreme Court of Colorado · 2006
- C.F. Trust, Inc. v. First Flight Ltd. PartnershipSupreme Court of Virginia · 2003
- Nehi Beverage Co., Inc. v. PetriIndiana Court of Appeals · 1989
- Russell v. Review Board of the Indiana Department of Employment & Training ServicesIndiana Court of Appeals · 1992
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