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TRI-CTY. HUMAN DEV. CORP. v. TRI-CTY. GROUP XV, INC.

No. 19636.

901 S.W.2d 308 (1995)

TRI-COUNTY HUMAN DEVELOPMENT CORPORATION, Plaintiff, v. TRI-COUNTY GROUP XV, INC., et al., Defendants. TRI-COUNTY GROUP XV, INC., Third-Party Plaintiff, Appellant, v. Ralph STONE, Third-Party Defendant, Respondent.

Missouri Court of Appeals, Southern District, Division Two.

June 21, 1995.

Attorney(s) appearing for the Case

Dale E. Gerecke, Finch, Bradshaw, Strom & Steele, L.C., Cape Girardeau, for appellant.

John L. Oliver, Jr., Oliver, Oliver & Waltz, P.C., Cape Girardeau, for respondent.

GARRISON, Presiding Judge.

Tri-County Group XV, Inc. (Group XV), a for-profit corporation, appeals the dismissal of its third-party petition against Respondent (Stone). Group XV had been sued by Tri-County Human Development Corporation (Tri-County), a not-for-profit corporation, wherein the latter sought to nullify a purported sale of its assets to Group XV because of the alleged failure of its board of directors to adopt...

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