Doerr v. Odum

GLADNEY, Judge.

In this appeal a judgment debtor of Sunshine Dairies, Incorporated seeks to hold a stockholder, I. E. Tyner, liable for a debt of the corporation for an amount allegedly due on his stock subscription. The defense asserted is twofold: the stock was fully paid for, and plaintiff is without a right of action. From an adverse decision, defendant Tyner has appealed.

The charter of Sunshine Dairies, Incorporated, was executed on January 28, 1955, and filed of record in Bossier Parish. The named officers and incorporators and the number of shares allotted are: Elmer H. Odum, President,…