OPINION
NELSON, Judge.
Prior to February 21, 1972, appellees, Filbert and Eloise Terrazas (Terrazas), were the majority shareholders (74%) and managing officers of Terri-Flex Products, Inc. (Terri-Flex). Terri-Flex was engaged essentially in the sale and installation of roofing and insulation systems, and roofing components, primarily foam. Their principal material supplier was the other appellee
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