Federal Refinance Co. v. Davis

Amos Partnership and Federal Refinance Co., Inc. are partners in Federal Financial Company (“Federal Financial”), the plaintiff. Federal Financial has brought this action to set aside, as fraudulent, a conveyance of shares of stock from Edward C. Davis to Linda J. Davis. This matter is presently before the court on the defendants’ motion to dismiss or for summary judgment. Defendants come forward with the following three arguments in support of their motion: (1) the action is barred by a six year statute of limitations, (2) the action is barred *539by a prior supplementary process proceeding, and…