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CROWLEY v. COLES

No. 01-87-01074-CV.

760 S.W.2d 347 (1988)

Jim CROWLEY, a/k/a Harold James Crowley, et al., Appellants, v. G. Warren COLES, Jr., and the North River Insurance Company, Appellees.

Court of Appeals of Texas, Houston (1st Dist.).

October 27, 1988.

Attorney(s) appearing for the Case

David W. Showalter, Charles R. Vickery, Pamela Prince Stimes, Bellaire, for appellants.

Mark K. Glasser, Porter & Clements, Daniel O. Goforth, Sewell & Riggs, Mark Burck, Brill & Brooks, Jeffrey Gelb, David A. Furlow, Gary Siller, Griggs & Harrison, Houston, for appellees.

Before LEVY, WARREN and DUGGAN, JJ.

OPINION

LEVY, Justice.

This is an appeal from a summary judgment that was granted in favor of appellees Coles and North River Insurance Company ("North River"), defendants in a minority shareholders' derivative suit.

At some time prior to November 7, 1980, Don Parmer borrowed a large sum of money from the First National Bank of Bellaire. As collateral for the loan, Parmer executed a Deed of Trust covering two tracts of land, one in Fort Bend County...

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