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STONE v. HUDGENS

Civ. A. No. 6106.

129 F.Supp. 273 (1955)

W. L. STONE, as Trustee of the Estate of Bassett & Company, a corporation, bankrupt, Plaintiff, v. L. E. HUDGENS, Defendant.

United States District Court, W. D. Oklahoma.

February 21, 1955.

Attorney(s) appearing for the Case

McClelland, Kneeland, Bailey & McClelland, Oklahoma City, Okl., for plaintiff.

Robert D. Crowe, Oklahoma City, Okl., for defendant.

WALLACE, District Judge.

The plaintiff, W. L. Stone, as Trustee of the Estate of Bassett & Company, a (Oklahoma) corporation, bankrupt, brings this action against the defendant, L. E. Hudgens, an officer and director of such corporation, to collect $5,000 for 50 shares of stock issued to the defendant but for which defendant never paid.1 This sum was carried on the corporate books as "subscriptions receivable"; and, plaintiff urges...

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