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HIBERNIA NAT. BANK v. KUEBEL

No. 03-CA-1131.

868 So.2d 969 (2004)

HIBERNIA NATIONAL BANK, as Trustee of the Blossman Group Trust v. Kenneth KUEBEL.

Court of Appeal of Louisiana, Fifth Circuit.

Rehearing Denied March 29, 2004.

Attorney(s) appearing for the Case

W. Ransom Pipes, Janice M. Reeves, Hannah Colvin & Pipes, Baton Rouge, LA, for plaintiff-appellee.

Henry L. Klein, James H. Daigle, Jr., Klein-Daigle, and Salvador Anzelmo, New Orleans, LA, for defendant-appellant.

Panel composed of Judges EDWARD A. DUFRESNE, JR., CLARENCE E. McMANUS and WALTER J. ROTHSCHILD.

CLARENCE E. McMANUS, Judge.

At issue in this suit on a promissory note is whether the purchase of shares of stock via a promissory note is an absolute or relative nullity under La. R.S. 12:52 C, voiding the transaction at issue in this case. Defendant appeals the trial court's judgment ruling that the promissory note giving rise to this suit is enforceable against defendant because although the transaction in this case is a relative nullity, defendant may not invoke...

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