HORNE BROS., INC. v. RAY LEWIS CORP.

No. 87-65.

731 S.W.2d 190 (1987)

292 Ark. 477

HORNE BROTHERS, INC., A.A. Horne and Don Horne, Appellants, v. RAY LEWIS CORPORATION, Appellee.

Supreme Court of Arkansas.

June 22, 1987.


Attorney(s) appearing for the Case

John B. Hainen, DeQueen, John H. Jackson, Gurdon, Dailey, West, Core, Coffman & Canfield by Ben Core, Fort appellants.

Steel & Steel by George E. Steel, Jr., Nashville, for appellee.


HICKMAN, Justice.

This case has been referred to us by the Court of Appeals.

This was an action in chancery court by a creditor of a corporation to require its two sole stockholders and directors to repay the corporation money acquired in violation of the fiduciary duty to creditors. The chancellor held that the money should be repaid. On appeal two of appellants' three arguments were not properly raised below and...

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