Nevada Supreme Court September 27, 1971, No. 6356 (Dimond v. Linnecke)

*465OPINION

By the Court,

Batjer, J.:

On January 30, 1962, Henry F. Linnecke, one of the principal creditors of Ready-Mix Western, Inc., a Nevada corporation, the successor of Ready-Mix Concrete Co., a Nevada corporation, and its wholly-owned subsidiary, Vista Rock Products, Inc., a Nevada corporation, entered into an assignment and pledge of corporate stock with Francis R.