MONTGOMERY v. HUGHES DEVELOPERS, INC.

1002059.

873 So.2d 1109 (2003)

Mays E. MONTGOMERY v. HUGHES DEVELOPERS, INC.

Supreme Court of Alabama.

Rehearing Denied August 29, 2003.


Attorney(s) appearing for the Case

J. Robert Miller, Huntsville, for appellant.

Robert V. Rodgers of Wilmer & Lee, P.A., Huntsville, for appellee.


HOUSTON, Justice.1

The plaintiff, Mays E. Montgomery, appeals from the judgment of the trial court finding that Montgomery could not recover from the defendant corporation, Hughes Developers, Inc. ("Hughes"), for its issuance of a spurious stock certificate, which Montgomery took as collateral to secure a personal loan he made to the president of Hughes Developers. We affirm in part, reverse in part, and remand.

I. Facts

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