FARRIS v. NORTEX OIL & GAS CORPORATION

No. 7662.

393 S.W.2d 684 (1965)

J. B. FARRIS et al., Appellants, v. NORTEX OIL & GAS CORPORATION, Appellee.

Court of Civil Appeals of Texas, Texarkana.

Rehearing Denied September 21, 1965.


Attorney(s) appearing for the Case

Talbot Rain, Dwight L. Simmons, Jerry L. Buchmeyer, Thompson, Knight, Wright & Simmons, Dallas, for appellants.

Fritz Lyne, Erich F. Klein, Jr., Ed M. Brown, Lyne, Blanchette, Smith & Shelton, Dallas, for appellees.


FANNING, Justice.

This is an appeal from a summary judgment granted Nortex Oil & Gas Corporation, appellee herein, in a Bill of Review brought by appellants.

Ebro Oil Company, Inc., sold its properties to appellee in 1961 for $2,920,000. Thereafter Ebro ceased doing business, was dissolved and distributed remaining assets to its stockholders and Ebro has had no tangible assets since dissolution.

Nineteen months after said sale, Nortex sued Ebro...

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