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VALLEY BANK OF NEVADA v. JER MANAGEMENT CORP.

No. 1 CA-CIV 7942.

149 Ariz. 415 (1986)

719 P.2d 301

VALLEY BANK OF NEVADA, a Nevada State Banking Association, Plaintiff-Appellee, Cross-Appellant, v. JER MANAGEMENT CORPORATION, an Arizona corporation; James E. Reid, as trustee of JER Management Corporation Pension Plan; and Bill Blair, Defendants-Appellants, Cross-Appellees.

Court of Appeals of Arizona, Division 1, Department A.

May 1, 1986.

Attorney(s) appearing for the Case

Wentworth & Lundin by David McCord and William J. Reckling, III, Phoenix, for plaintiff-appellee, cross-appellant.

Reed, Goldstein & Ayers, P.C. by David B. Goldstein and Kenneth D. Nyman, Phoenix, for defendants-appellants, cross-appellees.

OPINION

KLEINSCHMIDT, Judge.

This appeal is from a judgment in favor of plaintiff-appellee Valley Bank of Nevada (bank) in its action to recover on two checks on which defendants-appellants JER Management Corp. and Bill Blair had stopped payment. We affirm.

FACTS

The payee of the two checks in issue was Simone Nevada Productions, Inc., (SNP). SNP was incorporated on July 17, 1981. The minutes of SNP's first meeting of its board of directors...

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