EQUITABLE LIFE & CAS. INS. CO. v. INLAND PRINTING CO.

No. 12255.

484 P.2d 162 (1971)

26 Utah 2d 19

EQUITABLE LIFE & CASUALTY INSURANCE COMPANY, a Utah corporation, Plaintiff and Appellant, v. INLAND PRINTING COMPANY, a Utah corporation et al., Defendants and Respondents.

Supreme Court of Utah.

April 22, 1971.


Attorney(s) appearing for the Case

Walker E. Anderson, Salt Lake City, for plaintiff-appellant.

J. Duffy Palmer, Felshaw King, of King & King, Clearfield, F. Robert Reeder, of Parsons, Behle, Evans & Latimer, Bruce G. Cohne, Salt Lake City, for defendants-respondents.


ELLETT, Justice:

The appellant herein held a note signed by the defendant corporation and secured by a chattel mortgage and also a mortgage on realty. The present action is to foreclose the mortgages and to recover the amount of the deficiency, if any there be, from the officers and directors of the corporation because of alleged negligent mismanagement of the corporate business.

The question to be determined on this appeal is what rights, if any, does a creditor...

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