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HACKER OIL, INC. v. HACKER

S-23-0109.

540 P.3d 1187 (2024)

2024 WY 3

HACKER OIL, INC., a Wyoming corporation, Appellant (Defendant), v. Scherri HACKER, Appellee (Plaintiff).

Supreme Court of Wyoming.

January 11, 2024.

Attorney(s) appearing for the Case

Representing Appellant: James A. Eddington , James A. Eddington, P.C., Torrington, Wyoming.

Representing Appellee: James R. Salisbury , The Salisbury Firm, P.C., Cheyenne, Wyoming.

Before FOX, C.J., and BOOMGAARDEN, GRAY, and FENN, JJ., and BLUEMEL, D.J.

[¶1] Hacker Oil, Inc., paid the premiums on a $250,000 whole life insurance policy on its employee James Hacker. The policy was intended as a "split-dollar arrangement," which, upon Mr. Hacker's death, would have reimbursed Hacker Oil for the paid premiums. Then, the split-dollar arrangement was supposed to distribute the remainder...

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