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OBERHELMAN v. BARNES INVESTMENT CORP.

No. 56,332

236 Kan. 335 (1984)

690 P.2d 1343

HOMER H. OBERHELMAN, Appellant, v. BARNES INVESTMENT CORPORATION and ARTHUR M. NEASE, JR., Appellees.

Supreme Court of Kansas.

Opinion filed November 30, 1984.

Attorney(s) appearing for the Case

Charles S. Arthur, III, of Arthur, Green, Arthur & Conderman, of Manhattan, argued the cause and was on the brief for appellant.

Bruce H. Wingerd, of Clay Center, argued the cause and was on the brief for appellees.

The opinion of the court was delivered by

HOLMES, J.:

This is an action brought by a minority shareholder of a close corporation on his own behalf and as a stockholder's derivative action on behalf of the corporation. Plaintiff, Homer H. Oberhelman, seeks to recover the principal and interest on loans Barnes Investment Corporation (Barnes, or the corporation) made to defendant Arthur M. Nease, Jr., who is the majority shareholder, president, and chairman of...

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