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LOWRY v. LOWRY

No. 66A03-9109-CV-279.

590 N.E.2d 612 (1992)

Irma LOWRY, Individually and As a Shareholder and Director of Lowry Farms, Inc., a Corporation; and the Farmers & Merchants State Bank, As Successor Personal Representative of the Estate of Emmett D. Lowry, Appellants-Defendants, v. Michael LOWRY, Linda DeMoss, Timothy Lowry, As Shareholders of Lowry Farms, Inc., a Corporation; and the First National Bank of Monterey, Receiver of Lowry Farms, Inc., Appellees-Plaintiffs.

Court of Appeals of Indiana, Third District.

Rehearing Denied June 25, 1992.

Attorney(s) appearing for the Case

Frank E. Tolbert, John S. Damm, Miller, Tolbert, Muehlhausen, Muehlhausen & Groff, P.C., Logansport, for appellants-defendants.

Lesley A. Meade, Lafayette, for appellees-plaintiffs.

HOFFMAN, Judge.

Appellants-defendants, Irma Lowry and The Farmers & Merchants State Bank as the successor personal representative of the Estate of Emmett Lowry, appeal an adverse judgment in favor of appellees-plaintiffs, Michael Lowry, Linda DeMoss, and Timothy Lowry. Appellees brought suit individually and derivatively to recover assets of the corporation, Lowry Farms, Inc. In their claim, appellees alleged, inter alia, that Emmett and Irma intentionally...

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