LA VOY SUPPLY COMPANY v. YOUNG

No. 8958.

369 P.2d 45 (1962)

LA VOY SUPPLY COMPANY, a Corporation, Plaintiff-Respondent and Cross-Appellant, Hubbard Lumber, Inc., Plaintiff in Intervention, Respondent and Cross-Appellant, Fern Dille, Additional Plaintiff in Intervention, Respondent and Cross-Appellant, v. A. Stanley YOUNG, Defendant-Appellant and Cross-Respondent, and Dale G. Haile, Defendant.

Supreme Court of Idaho.

Rehearing Denied March 12, 1962.


Attorney(s) appearing for the Case

Gigray & Boyd, Caldwell, for defendant-appellant and cross-respondent.

Dean E. Miller, Caldwell, for plaintiff-respondent and cross-appellant.

Smith & Miller, Laurence N. Smith, Caldwell, for plaintiffs in intervention, respondents and cross-appellants.


McQUADE, Justice.

The principal issue in this case is raised by a factual determination of the solvency of a corporation in relation to establishing a director as a secured creditor taking precedence over general creditors.

Defendant A. Stanley Young will be referred to herein as appellant, the defendant Dale G. Haile, sheriff of Canyon County, being a nominal party only.

Newell E. LaVoy in 1954 transferred personal property having an estimated value...

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