Covington v. Covington

McMILLIN, C.J., for the Court:

¶ 1. John Paul Covington (hereafter Paul) has appealed to this Court from a judgment entered in the Chancery Court of Winston County regarding the dissolution of a closely-held corporation owned jointly by Paul and his brother, David Covington (hereafter David). The corporation was named Forklift Machine Sales, Inc. (hereafter FMS). As a part of the dissolution, the chancellor required David *667to reimburse the corporation for various expenditures authorized by him which the chancellor found were not legitimate corporate expenses. Paul, despite his relative success…