United Pacific Insurance v. Chism Homes, Inc.

*495OPINION

In March of 1982, Chism Homes, Inc. (Chism), brought an action against its vice-president and secretary, Correna C. Phillips, for wrongful diversion of corporate funds. Also named as defendants in the action were Phillips’ husband, Benjamin, along with Ben’s Carpet and Interiors, Inc., a business operated by both Benjamin and Correna Phillips (hereinafter collectively as the Phillips).

After initiating the action, Chism served writs of attachment and garnishment against the Phillips’ property securing the amount of damages claimed in the complaint, $190,077.25. Chism then amended the…