First Nat. Bank of Brinkley v. Frey

Steele FIays, Justice.

First National Bank of Brinkley has appealed from a judgment entered on a jury verdict against the bank and in favor of M. K. and Eileen Frey for the conversion of a certificate of deposit. On appeal we affirm the judgment.

Mr. and Mrs. Frey had several promissory notes with the bank and were stockholders of Bri-Ark, Inc., which was in default on several sizeable promissory notes due the bank. The bank sued Bri-Ark, Inc. and the Freys alleging the acts of the corporation were in reality the acts of the Freys. The corporate indebtedness was not disputed and judgment was…