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LING AND COMPANY v. TRINITY SAVINGS AND LOAN ASS'N

No. B-3019.

482 S.W.2d 841 (1972)

LING AND COMPANY, INC., Petitioner, v. TRINITY SAVINGS AND LOAN ASSOCIATION, Respondent.

Supreme Court of Texas.

May 17, 1972.

Attorney(s) appearing for the Case

Geary, Brice, Barron & Stahl, G. Leroy Street, Dallas, Tex., for petitioner.

Freedman, Day & Waters, Harry I. Freedman, Dallas, Tex., for respondent.

REAVLEY, Justice.

Trinity Savings and Loan Association sued Bruce W. Bowman for the balance owed on a promissory note and also to foreclose on a certificate for 1500 shares of Class A Common Stock in Ling & Company, Inc. pledged by Bowman to secure payment of the note. Ling & Company was made a party to the suit by Trinity Savings and Loan because of Ling & Company's insistence that the transfer of its stock was subject to restrictions that were unfulfilled...

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