Bean v. Reynolds Realty Group, Inc.

OPINION

Opinion by Justice CARTER.

William “Bo” Bean, Jr., appeals from a take-nothing summary judgment rendered in his lawsuit against Reynolds Realty Group, Inc., and Richard Reynolds, William J. Fuerst, and Jack W. Gooding, Individually and as Officers and Directors of Reynolds Realty Group, Inc. (Reynolds), and against the corporation itself. The undisputed facts show that Bean was one of four directors of the corporation, and an owner of twenty-five percent of the common stock, and that the corporation is a Texas Close Corporation. The Shareholder Agreement is dated March 2001.

The major…