TOME LAND & IMPROVEMENT CO. v. SILVA

No. 9255.

494 P.2d 962 (1972)

83 N.M. 549

TOME LAND & IMPROVEMENT CO., Inc., (No Stockholders' Liability), a New Mexico Corporation, Plaintiff-Appellee and Cross-Appellant, v. Gillie SILVA et al., Defendants-Appellants and Cross-Appellees, A.S. Torres et al., Intervenors Parties Plaintiffs-Appellees and Cross-Appellants.

Supreme Court of New Mexico.

Rehearing Denied March 9, 1972.


Attorney(s) appearing for the Case

McAtee, Marchiondo & Berry, Albuquerque, for appellants.

Ahern, Montgomery & Albert, Albuquerque, for appellee.


OPINION

MONTOYA, Justice.

In November 1968, certain stockholders filed suit in the District Court of Valencia County, New Mexico, against the Tome Land & Improvement Co., Inc., plaintiff-appellee and cross-appellant, hereinafter referred to as "Tome," seeking restraining orders against Tome from disbursing funds obtained from the sale of lands which were Tome's principal asset. In December 1968, certain other stockholders brought suit against Tome in...

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