HAMITER, Justice.
On September 12, 1946 the Audubon Development Company, Inc. (hereinafter sometimes referred to as Corporation) conveyed all of its assets, consisting of two parcels of improved real estate situated in the City of New Orleans, to one John Lingle, an organizer and a stockholder of the corporation. Thereafter, Jack Wainwright brought a suit in which he was ultimately recognized (by this court in a decision that became final on February 15, 1954) as...
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