Smith v. Chauvin

REID, Judge.

This is a suit brought by Mrs. Eleanor G. Smith, a shareholder in Shoreline Enterprises, Incorporated against Lawrence J. Chauvin Jr., an officer of that corporation for penalties in the amount of $50.00 per day from March 10, 1959 until she was furnished with a copy of the annual report for 1958 as provided by LSA-R.S. 12:39.

The defendant filed an answer admitting essentially all the allegations of the plaintiff’s petition but stated that the concern was without any money and had no money in its treasury during the year 1958-59 and 1960, and they were unable to even hire and pay…