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LAMBERT v. FARMERS BANK, FRANKFORT, IND.

No. 29A02-8705-CV-00214.

519 N.E.2d 745 (1988)

William C. LAMBERT and Agricultural Aerial Applicators, Inc., Defendants-Appellants, v. THE FARMERS BANK, FRANKFORT, Indiana, Plaintiff-Appellee.

Court of Appeals of Indiana, First District.

March 1, 1988.

Attorney(s) appearing for the Case

Phillip L. Stewart, Carmel, for defendants-appellants.

James D. Moore, Kathryn J. Cook, Ryan, Hartzell, Ryan & Moore, Frankfort, for plaintiff-appellee.

RATLIFF, Chief Judge.

STATEMENT OF THE CASE

Debtor appeals judgment that a certain corporation was his alter ego and that corporate assets were subject to execution in satisfaction of debtor's personal liabilities. We affirm.

FACTS

On October 14, 1983, William Lambert, individually and as president of Agricultural Aerial Applicators, Inc. (AAA), entered into an agreement to borrow money from Farmers Bank of Frankfort, Indiana (Bank). Under...

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