BOONE v. BURDEN


487 P.2d 74 (1971)

Robert G. BOONE and Fred M. Schulz, Appellants, v. Jack D. BURDEN, Roger K. Hammerstrom and Inventors Development Assn., Inc., a Nevada Corporation, Respondents.

Supreme Court of Oregon.

Decided July 15, 1971.


Attorney(s) appearing for the Case

Vincent G. Robeson, Lake Oswego, argued the cause and filed a brief for appellants.

No appearance for respondents.

Before O'CONNELL, C.J., and McALLISTER, DENECKE, HOLMAN, TONGUE, and HOWELL, JJ.


McALLISTER, Justice.

This is a suit to set aside a transfer of corporate stock allegedly transferred in fraud of creditors. The trial court found that the transfer was not fraudulent and dismissed the suit. We affirm.

The complaint alleges that plaintiffs Boone and Schulz each have a judgment against defendant Burden; that Burden is insolvent; and the judgments remain unsatisfied. It also alleges that Burden owned 300 shares of stock in Inventors Development...

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