Court of Appeals of Georgia June 30, 2000, A00A0255 (Kilburn v. Young)

Ruffin, Judge.

Galen Kilburn, the majority stockholder of Kilbum-Young Asset Management Corporation (KYAMC), filed a derivative action on behalf of the corporation against Robert Young, alleging among other things that Young misappropriated corporate funds for his own benefit while serving as president and chief executive officer.