EDUCATORS' INV. CORP., ETC. v. AUTREY

78-861.

383 So.2d 536 (1980)

EDUCATORS' INVESTMENT CORPORATION OF ALABAMA, INC. v. William H. AUTREY.

Supreme Court of Alabama.

May 9, 1980.


Attorney(s) appearing for the Case

Don F. Wiginton, Birmingham, for appellant.

P. Richard Hartley, Greenville, for appellee.


BEATTY, Justice.

This is an appeal from the trial judge's entry of summary judgment for the defendant in an action for indebtedness on a promissory note. The trial court found that the action was barred under the doctrine of res judicata. We affirm.

Educators' Investment Corporation of Alabama was formed as a publicly held stock company in Birmingham, Alabama, in 1955. From its inception, Educators' maintained a company policy of repurchasing its corporate...

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