McCullough v. Key

OPINION

HUGHES, Justice.

Bill B. McCullough and McCullough Awning and Metal Company, Inc., here appeal the order of the trial court which overruled their plea of privilege to be sued in Parker County. Charles Key had filed suit against McCullough (both the man and the corporation) as a shareholder of the corporation, “in the right of” the corporation and on behalf of “all other shareholders similarly situated” in a shareholder’s derivative suit.

We affirm.

Should a bonus paid to the president and only stockholder of a one person corporation for the right to purchase treasury stock of that…