Louisiana Court of Appeal November 19, 1985, No. 84-CA-1012 (Alford v. Diversified Systems, Inc.)

EDWARDS, Judge.

Alford Alarm & Protection Service, Inc., issued debentures to plaintiffs in December, 1975, with a maturity date of September, 1985. The company was liquidated non-judicially in August, 1979, when it was wholly owned by defendant, Diversified Systems, Inc. The liquidation consisted of the transfer of the company’s entire assets to Diversified.