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McCAULEY v. TOM McCAULEY & SON, INC.

No. 7861.

724 P.2d 232 (1986)

104 N.M. 523

LaVerne McCAULEY, Plaintiff-Appellee and Cross-Appellant, v. TOM McCAULEY & SON, INC., et al., Defendants-Appellants and Cross-Appellees.

Court of Appeals of New Mexico.

July 8, 1986.

Attorney(s) appearing for the Case

Bryan L. Query, Bryan L. Query, P.A., Albuquerque, Daniel A. Dolan, Daniel A. Dolan, P.A., Las Cruces, for plaintiff-appellee and cross-appellant.

John W. Reynolds, Silver City, R. Wilson Martin, Beverly J. Singleman, Martin, Cresswell, Hubert & Hernandez, P.A., Las Cruces, for defendants-appellants and cross-appellees.

OPINION

GARCIA, Judge.

LaVerne and Fred McCauley were married to one another and owned 60% of the stock in Tom McCauley & Son, Inc. (corporation), a closely held family corporation involved in cattle ranching. They separated in 1977 and were subsequently divorced. Thereafter, LaVerne McCauley (plaintiff), brought an action against the corporation and the remaining shareholders which included her former husband, parental in-laws and two sons (defendants...

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