CARLEY, Judge.
By an agreement dated January 30, 1976, appellant McNulty sold all of the stock of M & T Coal Mining Corporation (M & T) to Blair Mountain Coal Corporation (Blair), a corporation wholly owned by appellee Codd. As payment for the stock, Blair gave McNulty its note evidencing an indebtedness in the amount of $1,381,858.00. The note was secured by a pledge of M & T and Blair stock and a security interest in certain equipment owned by M &...
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