Burnett v. Chase Oil & Gas, Inc.

BILL BASS, Justice.

This appeal contests the validity of a judgment dissolving a corporation and ordering distribution of its assets but omitting any specific provision for the satisfaction of any adverse judgment that might arise out of two lawsuits then pending against the corporation. Appellants also challenge the propriety of the award of attorney’s fees to the corporation’s attorney. We reverse and remand in part and affirm in part.

The dispute,had its genesis in the voting deadlock between appellant C.C. Burnett (Burnett) and appellee Gaylord Hughey, Sr. (Hughey), the two shareholders of…