First National Bank in Marlinton v. Blackhurst

NEELY, Justice:

In this case we decide whether the defendants, Jo Debra Long, 1 A.A. Blackhurst, and Robert A. Sheets, are personally liable on notes they executed in favor of the plaintiff, First National Bank in Marlinton. In 1982, the three defendants formed a closely held West Virginia corporation to own and operate a ski apparel shop in Marlinton, West Virginia. Ms. Long, Mr. Blackhurst and Mr. Sheets served as President, Vice-President and Secretary-Treasurer respectively of the corporation, Josh, Inc. Before opening the store, the defen dants established a line of credit with the First…