Braswell v. Braswell

HALL, Justice.

The appellee, Mrs. Hazel Gladys Bras-well, brought this action against the appellant, Jodie “Joe” Vernon Braswell, for divorce and for division of their property. The only child of the parties is 25 years of age and self-supporting.

All of the property owned by the parties was community property. Their most valuable asset was the ownership of Braswell Motor Freight Lines, Inc., a closely-held corporation. They owned 34,962 shares of the 35,000 shares of common stock issued by the corporation. H. J. Jones, Sr., an employee of the freight lines since 1942, owns the remaining 38…