Prickett v. Allen

COLLINGS, Justice.

Neal R. Allen, trustee in bankruptcy of Data General, Inc., a bankrupt, brought this suit against Terry L. Prickett and Carl M. Prickett, seeking to recover the face or stated value of certain shares of original stock issued to the defendants by Data General, Inc. Plaintiff alleged that no consideration as defined by the Texas Constitution was given by the defendants for such stock. The trial court granted summary judgment for the plaintiff as prayed. Terry L. Prickett and Carl M. Prickett have appealed.

The record shows that on July 29, 1969 Data General, Inc. a Texas…