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CONSOLIDATED BEARING v. FIRST NAT. BANK

No. 07-85-0056-CV.

720 S.W.2d 647 (1986)

CONSOLIDATED BEARING AND SUPPLY COMPANY, INC., G.F. Taylor and Tom White, Appellants, v. FIRST NATIONAL BANK AT LUBBOCK, Appellee.

Court of Appeals of Texas, Amarillo.

October 29, 1986.

Attorney(s) appearing for the Case

Donald M. Hunt, Carr, Evans, Fouts & Hunt, Lubbock, for appellants.

James H. Milam, Cecil Kuhne, Crenshaw, Dupree & Milam, Lubbock, for appellee.

Before REYNOLDS, C.J., and COUNTISS and BOYD, JJ.

COUNTISS, Justice.

This is a constructive trust case. Appellant Consolidated Bearing & Supply Company, Inc., a closely held corporation, and G.F. Taylor and Tom White, two of its officers, (hereafter collectively "Consolidated"), sought unsuccessfully in the trial court to impose a constructive trust on 7500 shares of Consolidated stock issued to a former employee and now owned by appellee, First National Bank at Lubbock. In this Court, Consolidated attacks the...

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