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CRUTCHFIELD v. MARINE POWER ENGINE CO.

No. 103,342.

209 P.3d 295 (2009)

2009 OK 27

Steve CRUTCHFIELD, Plaintiff/Garnishor/Appellee, v. MARINE POWER ENGINE COMPANY, Defendant, and Tige Boats, Inc., Garnishee/Appellant, and Marine Power Holding, L.L.C., Appellant.

Supreme Court of Oklahoma.

May 5, 2009.

Attorney(s) appearing for the Case

Steven R. Hickman, Tulsa, OK, for Plaintiff/Appellee.

Joe M. Fears, Tulsa, OK, for Defendants/Appellants.

KAUGER, J.:

¶ 1 The first impression issue presented is whether Marine Power Holding, L.L.C. (MP Holding), a successor company once-removed from Marine Power Engine, Inc. (MP Engine), is liable for a judgment taken against MP Engine. As a general rule, when one company sells or otherwise transfers all its assets to another company, the successor is not liable for the debts and liabilities of the seller. There are exceptions to the rule. In Pulis v. United...

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