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HULLENDER v. ACTS II

58733.

153 Ga. App. 119 (1980)

264 S.E.2d 487

HULLENDER v. ACTS II et al.

Court of Appeals of Georgia.

Decided January 7, 1980.

Rehearing Denied January 21, 1980.

Attorney(s) appearing for the Case

John M. Millkey, for appellant.

Wayne L. Cardon, for appellees.

SHULMAN, Judge.

As a part of a divorce settlement, appellee-Acts II, a corporation whose sole stockholders were appellant-Mrs. Hullender and appellee-Mr. Hullender, agreed to purchase all the common stock owned by appellant-Mrs. Hullender. In accordance with this agreement, Mrs. Hullender transferred her stock to Acts II in return for a debenture note and a personal guaranty from Mr. Hullender. When the corporation defaulted...

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