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NIELSEN v. LOGS UNLIMITED, INC.

No. 26581.

839 N.W.2d 378 (2013)

2013 S.D. 76

David NIELSEN, Plaintiff and Appellee, v. LOGS UNLIMITED, INC., a South Dakota Corporation; Absolute Log Homes and Restoration, Inc., a South Dakota Corporation; Thomas Schramel; Stephanie Wood; and S & S Equipment, LLC, Defendants and Appellants.

Supreme Court of South Dakota.

Decided October 23, 2013.

Attorney(s) appearing for the Case

Roger A. Tellinghuisen , Michael V. Wheeler , Demersseman, Jensen, Tellinghuisen, Stanton & Huffman, LLP, Rapid City, South Dakota, Attorneys for plaintiff and appellee.

George J. Nelson , Abourezk & Zephier, PC, Rapid City, South Dakota, Attorneys for defendants and appellants.

ZINTER, Justice.

[¶ 1.] David Nielsen obtained a judgment against Logs Unlimited, Inc. (Logs Unlimited). The corporation subsequently transferred its assets to Thomas Schramel, Schramel's daughter Stephanie Wood, and Absolute Log Homes and Restoration, Inc. Schramel was the sole shareholder, director, and officer of both corporations. Proceeds from the transfer were used to pay some of Logs Unlimited's creditors, but...

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