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REPUBLIC STEEL CORP. v. CANYON CULVERT CO.

No. 16272.

722 P.2d 647 (1986)

104 N.M. 396

REPUBLIC STEEL CORPORATION, Plaintiff-Appellant, v. CANYON CULVERT COMPANY, INC., John Guilding, Individually, and Armco Inc., a foreign corporation, Defendants-Appellees.

Supreme Court of New Mexico.

July 25, 1986.

Attorney(s) appearing for the Case

E. Douglas Latimer, Spann, Latimer & Hollowwa, Albuquerque, for plaintiff-appellant.

Paul S. Wainwright, Robinson, Stevens & Wainwright, Albuquerque, for Canyon Culvert Co.

Jay D. Hertz, Sutin, Thayer & Browne, Albuquerque, for Armco.

OPINION

WALTERS, Justice.

Plaintiff Republic Steel is a creditor of defendant Canyon Culvert Co., a manufacturer of steel culverts, whose sole shareholders were defendant John Guilding and his wife. On August 29, 1984, defendant Armco, Inc. purchased virtually all of Canyon Culvert's manufacturing equipment. Between September 4 and October 15, 1984, Canyon Culvert transferred its remaining piece of equipment, its office furniture, and its inventory to Canyon...

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