Metropolitan Life Insurance Co. v. Richard Gill Co.

GRISSOM, Chief Justice.

Edward L. Foster and wife as stockholders of Howard Distributing Corporation and for its use and benefit, sued Bob Howard, president of said corporation, his wife, Metropolitan Life Insurance Company, Jackson-Mergele Mortgage Company, hereafter called Mortgage Company, and James Kerr Company. Plaintiffs alleged Metropolitan and said Mortgage Company were asserting liens against certain lots purchased by Bob Howard with funds belonging to Howard Distributing Corporation and that certain payments on their notes had been made by Bob Howard out of said corporation’s funds.…