Baucum v. Texam Oil Corporation

OPINION

FRASER, Chief Justice.

This is an appeal from the granting of a temporary injúnction by the trial court restraining one Delma Baucum from disposing of a number of different kinds of assets and properties. The original petition prayed for relief, an accounting, and judgment for all sums due and owing to the plaintiff, along with a lien upon any assets acquired by Baucum in derrogation of his duties to the corporation.

The plaintiff-appellee, Texam Oil Corporation, hereinafter referred to as “Tex-am”, is the surviving corporation of a merger between itself and Santiago Oil and Gas Company,…