MARTIN v. SCHULER

No. 49685.

573 P.2d 260 (1977)

Villard MARTIN, Jr., Trustee of Locke-Schuler Corporation and its consolidated subsidiaries, Appellant, v. R. L. SCHULER, Paul Locke and Joseph W. Turner, Appellees.

Supreme Court of Oklahoma.

Rehearing Denied January 19, 1978.


Attorney(s) appearing for the Case

James R. Eagleton, Eagleton, Eagleton & Owens, Inc., Tulsa, for appellant.

Harry M. Crowe, Jr., Crowe & Thieman, Tulsa, for appellees, Turner and Locke.


LAVENDER, Vice Chief Justice.

Appellant trustee (trustee), Villard Martin, Jr., is the Chapter X bankruptcy trustee for Locke-Schuler Corporation, a Delaware corporation, seeking reorganization. The three appellees, R.L. Schuler, Paul Locke, and Joseph W. Turner (individuals), were the principal officers of the corporation. Each of these individuals had entered into a separate, but identical, written agreement with the corporation for the issuing to each a certain...

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