HUTTER v. HEILMANN

Record No. 952047.

475 S.E.2d 267 (1996)

252 Va. 227

Christian S. HUTTER, et al. v. John E. HEILMANN, et al.

Supreme Court of Virginia.

September 13, 1996.


Attorney(s) appearing for the Case

David T. Petty, Jr., Lynchburg (Robert C. Berkley; David M. Royer; Petty, Livingston, Dawson, Devening & Richards, on briefs), for appellants.

Sidney H. Kirstein, Lynchburg, for appellees.

Present: All the Justices.


HASSELL, Justice.

In this appeal, we consider whether an indemnification agreement that the defendants had given to stockholders in return for their guarantees of a corporate debt survived the later conveyance by the stockholders of their corporate stock.

Christian S. Hutter, Beverly S. Hutter, Jr. (collectively referred to as the plaintiffs), and Norwood Enterprises, Inc., owned all the stock in Virginia Wood Window Company, Inc., which owned Bailey-Spencer...

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