Jackson v. Hexter

BATEMAN, Justice.

Appellees, suing as the shareholders of Monte Christo Development Company, a dissolved corporation, alleged that appellant, then a vice president of that corporation, received certain checks in the aggregate sum of $2,639.46, payable to and owned by the corporation, and endorsed each of them as follows:

“Pay to the order of Geo. A. Jackson Monte Christo Development Co. By Geo. A. Jackson Vice President,”

then by rubber stamp endorsed them “for deposit only” and deposited them in his own account in a Dallas bank, thus converting corporate funds to his own use and benefit.

Appellan…