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DUNGAN v. SMITH

No. 7832.

415 P.2d 549 (1966)

76 N.M. 424

Clyde DUNGAN, Plaintiff-Appellee, v. W.W. SMITH and RUTH Alyce Smith, his wife, Defendants-Appellants.

Supreme Court of New Mexico.

June 20, 1966.

Attorney(s) appearing for the Case

John P. Otto, Phoenix, Ariz., for appellants.

Watson & Watson, Artesia, for appellee.

OPINION

E.T. HENSLEY, Jr., Chief Judge, Court of Appeals.

Dungan Homes, Inc., a New Mexico corporation, was in 1962 engaged in the manufacture and sale of various components for the home-building industry. It was a prefabricating facility. The location of the plant and its office was near Roswell, New Mexico. The authorized stock in the corporation consisted of 800 shares. Clyde Dungan owned 396 shares; John B. Allen, Jr., owned 396 shares; and the remaining...

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