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IN THE COURT OF APPEALS OF TENNESSEE
AT JACKSON
February 20, 2002 Session

DON J. LONG, FOR HIMSELF AND FOR THE BENEFIT OF
GENE LANGLEY FORD, INC. V. RALPH E. LANGLEY AND
EDNA ELIZABETH LANGLEY

Direct Appeal from the Chancery Court of Gibson County, Tennessee
No. H-3525 The Honorable George R. Ellis, Chancellor

No. W2001-01490-COA-R3-CV - Filed April 23, 2002
This a lawsuit between the two stockholders of Gene Langley Ford, Inc., an automobile dealership. The issues involve the percentage of ownership owned by the two stockholders and whether the defendant paid himself an excessive salary for managing the business.  The Chancellor held that the plaintiff owns forty-nine (49%) of the stock and the defendant owns fifty-one percent (51%).  He further held that the defendant

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Tennessee Law