ARKANSAS FIRST NATIONAL BANK v. SCUDDER

No. 5-6066.

486 S.W.2d 83 (1972)

ARKANSAS FIRST NATIONAL BANK, Executor of the Estate of Wayne R. Chitwood, Deceased, Appellant, v. R. H. SCUDDER and Scudder Chevrolet, Inc., Appellee.

Supreme Court of Arkansas.

November 6, 1972.


Attorney(s) appearing for the Case

Rasmussen & Hogue, Hot Springs, for appellant.

Wood, Smith, Schnipper, Hot Springs, for appellee.


HARRIS, Chief Justice.

R. H. Scudder, President of Scudder Chevrolet, Inc., appellees herein, Wayne R. Chitwood, and Warren Chitwood, were the owners of all the stock of Scudder Chevrolet, Inc., formerly Chitwood Motor Company, Wayne and Warren were brothers and Scudder was a half brother. For a number of years Wayne was the president and the largest stockholder of Chitwood Motor Company, and on April 28, 1950, Metropolitan Life Insurance Company issued its policy...

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