Texas Infra-Red Radiant Company v. Erwin

GRISSOM, Chief Justice.

Mrs. Margaret Erwin obtained a divorce from her husband, Cyral P. Erwin, and a division of their community property. That judgment decreed to the wife the beneficial interest in 10% of the stock standing on the books of the defendant corporations in the name of Mr. Erwin. 90% was vested in the husband, subject to a lien upon all the stock, with provision that all shares should be held in trust with the husband having the right to vote it. The judgment provided that upon fulfillment of all of Mr. Erwin’s obligations, 90% of the stock should be returned to him but that…