Dearmon v. Dearmon

Alice F. Dearmon appeals from a final judgment in an interpleader action awarding co-defendent/cross-claimant J.D. Dearmon and intervenor/co-defendant Camden Woodyard, Inc., a major portion of the interpleaded fund.

On September 15, 1977, A D Pulpwood Co., Inc. (hereinafter "A D"), was incorporated by three incorporators and shareholders: J.D. Dearmon, his wife Alice Dearmon, and Judy Albin. They held 225 shares, 25 shares, and 250 shares, respectively.

On April 12, 1978, the Dearmons were granted a divorce. The divorce decree incorporated a property settlement which, among other things,…