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BROWN v. RISK EXCHANGE, INC.

No. 95 CA 2199.

674 So.2d 484 (1996)

James H. "Jim" BROWN, Commissioner of Insurance for the State of Louisiana, and as Liquidator of Pelican State Mutual Insurance Company v. RISK EXCHANGE, INC., Pontchartrain Brokers, Ltd., Eva Odom, Patricia A. Miller, Vicky Dallmann, Janet Sentenn, Margaret Sentenn, Louis F. Bowler, Mary Bowler, Rosemary Bowler, Bruce Bowler, Kathleen Bowler, Michael P. Bowler, Nora B. Held, Lawrence E. Pratt, Walter L. Sentenn, Jr., Fred A. Rhoads, Vincent J. Serio, and Michael J. Bowler.

Court of Appeal of Louisiana, First Circuit.

May 10, 1996.

Attorney(s) appearing for the Case

Nathan T. Gisclair, Jr., New Orleans, for Plaintiff-Appellee.

Michael H. Piper, Metairie, for Defendant-Appellant.

Before SHORTESS, PARRO and KUHN, JJ.

SHORTESS, Judge.

The Commissioner of Insurance for the State of Louisiana, James H. "Jim" Brown (plaintiff), as Liquidator of Pelican State Mutual Insurance Company (Pelican), filed suit against Eva M. Odom (defendant), a member of Pelican's board of directors, to recover payments arising out of certain subordinated surplus debentures of Pelican.1 Defendant filed multitudinous exceptions, which were

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