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FIRST SEC. BANK v. GEELS

No. CA 10-969.

383 S.W.3d 437 (2011)

2011 Ark. App. 294

FIRST SECURITY BANK, Successor Trustee of the Patricia Geels Revocable Trust Dated December 5, 2006, Appellant v. Steven GEELS, Jr., and Linda Geels, Appellees.

Court of Appeals of Arkansas.

April 20, 2011.

Attorney(s) appearing for the Case

George R. Rhoads and Sarah Lorimer Waddoups, Rogers, for appellant.

Timothy Penhallegon, Springdale, for appellee.

RAYMOND R. ABRAMSON, Judge.

This appeal involves a dispute over the title to 486 acres in Crawford County, Arkansas. The property in dispute was purchased in October 2002 for $916,000 using funds from a family painting business. The business was operated loosely as a subchapter S-corporation with money frequently being distributed to family members without documentation or tax reporting.1 Appellee, Steven Geels, Jr. (Jr.), owned 25% of...

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