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SKELTON v. B. C. LAND CO., INC.

No. 75-378.

539 S.W.2d 411 (1976)

Walter SKELTON, Assistant Director of the Department of Finance and Administration, Appellant, v. B. C. LAND COMPANY, INC., Appellee.

Supreme Court of Arkansas.

Rehearing Denied September 13, 1976.

Attorney(s) appearing for the Case

James R. Cooper, H. Ray Hodnett, Robert G. Brockmann, Jack East, III, and James R. Eads, Jr., Little Rock, for appellant.

Gordon, Gordon & Eddy, Morrilton, Partlow & Mayes, Blytheville, for appellee.

BYRD, Justice.

Following our decision in Skelton v. B. C. Land Co., 256 Ark. 961, 513 S.W.2d 919 (1974), denying a net operating loss carry-over to B. C. Land Co., appellant Walter Skelton, Assistant Director of the Department of Finance and Administration, filed a certificate of indebtedness and caused an execution to be issued thereon on February 3, 1975. On March 31, 1975, the Governor signed Act 676 of 1975. Section 1...

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