Mary Alice Dugas Bordelon, Individually and as Trustee of the Erick James Bordelon Trust v. William A. Stegall, Sr.

CourtLouisiana Court of Appeal
DecidedNovember 15, 2023
DocketCA-0023-0007
StatusUnknown

This text of Mary Alice Dugas Bordelon, Individually and as Trustee of the Erick James Bordelon Trust v. William A. Stegall, Sr. (Mary Alice Dugas Bordelon, Individually and as Trustee of the Erick James Bordelon Trust v. William A. Stegall, Sr.) is published on Counsel Stack Legal Research, covering Louisiana Court of Appeal primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Mary Alice Dugas Bordelon, Individually and as Trustee of the Erick James Bordelon Trust v. William A. Stegall, Sr., (La. Ct. App. 2023).

Opinion

STATE OF LOUISIANA COURT OF APPEAL, THIRD CIRCUIT

23-7

MARY ALICE DUGAS BORDELON, INDIVIDUALLY AND AS TRUSTEE OF THE ERICK JAMES BORDELON TRUST

VERSUS

WILLIAM A. STEGALL, SR., ET AL.

**********

APPEAL FROM THE FIFTEENTH JUDICIAL DISTRICT COURT PARISH OF LAFAYETTE, NO. C-2019-3089 HONORABLE MICHELLE M. BREAUX, DISTRICT JUDGE

GARY J. ORTEGO JUDGE

Court composed of D. Kent Savoie, Jonathan W. Perry, and Gary J. Ortego, Judges.

AFFIRMED. Allan L. Durand Attorney at Law 235 Rue France Lafayette, LA 70508 (337) 237-8501 COUNSEL FOR PLAINTIFF/APPELLANT: Mary Alice Dugas Bordelon, individually and as trustee of the Erick James Bordelon Trust

Charles A. Schutte, Jr. Schutte, Richardson, Eversberg, Cronin, Judice & Avocato 501 Louisiana Avenue Baton Rouge, LA 70802 (225) 387-8330 COUNSEL FOR DEFENDANTS/APPELLEES: William A. Stegall, Sr. Bord’s Concrete & Services, Inc. Gwendolyn Michel Stegall Mo-Dad 1, Inc. ORTEGO, Judge.

In this matter, the vendor in the sale of a business filed suit against the vendees

seeking recognition by the court of an alleged 29% reserved ownership interest in

the immovable property sold with the business. The trial court determined that the

vendor conveyed full ownership of the immovable property to the vendees via cash

sale, and rejected the vendor’s argument that a second document signed at the time

of sale sufficiently reserved the 29% interest in favor of the vendor. The vendor

appeals.

FACTS AND PROCEDURAL HISTORY

This litigation arises out of the sale of a business, Bord’s Concrete & Services,

Inc. (hereinafter “Bord’s Concrete”). On January 16, 2004,1 appellant, Mary Alice

Dugas Bordelon, individually and as trustee of the Erik James Bordelon Trust

(hereinafter “Bordelon”), and appellees, William Stegall and Gwendolyn Michel

Stegall (hereinafter “the Stegalls”)2, executed two (2) separate transactions to

consummate the sale. The first document executed was an authentic act of cash sale

(hereinafter “cash sale”). The cash sale conveyed the immovable property, without

any reservation of Bordelon’s ownership rights, to the Stegalls. The cash sale

included specific descriptions of the property and stated in pertinent part, as follows:

1 Prior to the January 16, 2004 closing, Bordelon and Stegall signed an agreement to Purchase and Sell Business on July 25, 2003. Paragraph I(C) states that the five parcels of immovable property where Bord’s Concrete was located would be sold to Stegall, except for the property known as the “Daycare,” which is described as a parcel of approximately ten acres located behind the Daycare. Stegall agreed in the Purchase Agreement to form a new entity to develop the Daycare into a trailer park containing approximately 60-100 lots for rental to third parties. The parties agreed that a mortgage could be placed on the property for financing of the trailer park. Appellants in this case do not rely on the Purchase Agreement in their arguments. However, it is discussed briefly in the assignments of error. 2 In addition to the Stegalls, Appellees include Mo-Dad 1, Inc. and Bord’s Concrete, which were named Defendants in the original suit. [F]or the consideration herein mentioned [Bordelon does] by these presents, sell, transfer and deliver with full guarantee of title and free from all encumbrances and with subrogation to all of their rights and actions of warranty against previous owners.

The second document was entitled “Sale of Business and Assets” (hereinafter

referred to as “Business Sale”). The Business Sale addressed both movable and

immovable property conveyed from Bordelon to the Stegalls. Most prevalent to this

appeal, it included language that purported to reserve 29% of “all of the immovable

property described herein” to Bordelon. Specifically, Paragraph II (3) and (4) of the

Business Sale states (emphasis added):

3) The Stock Purchasers agree to develop the Ten Acre tract referred to herein at their expense into a trailer park between approximately 60 and 100 lots for rental to third parties. Stock Purchasers agree that sellers own 29% of all of the immovable property described herein, together with any improvements thereon, now or in the future and that Sellers will receive 29% of the proceeds of any sale of that property.

4) The Purchasers agree that, after payment of the entire Purchase Price, Sellers will own 29% of the business and assets described in I(A) above,[3] together with any replacements thereof, and that therefore upon the sale of same Sellers will receive 29% of the proceeds of same.

Additionally, the Stegalls signed a promissory note payable to Bordelon in

connection with the sale, in the amount of $1,800,000.00, which also included an

agreement wherein the Stegalls assumed the debts and liabilities of Bord’s Concrete.

The trial court considered certain claims related to repayment of the promissory note;

however, these claims are not at issue in the appeal before this court.

3 Paragraph I(A) described the movable property associated with the business. The immovable property is referenced in a separate paragraph.

2 On August 16, 2018, Bordelon recorded an Act entitled “Notice of

Ownership” referring to the Business Sale, and specifically to Bordelon’s alleged

retention of a 29% interest in all of the immovable property. Additionally, Bordelon

filed a petition seeking to collect an additional amount owed on the promissory note,

signed at the January 16, 2004 closing.

The Stegalls filed a reconventional demand requesting that the court declare

Bordelon had no ownership interest in the property. Specifically, the Stegalls also

asserted that: (a) the inscription of the notice in the public records should be

cancelled; (b) Bordelon has no ownership interest in the property under the sale of

business and assets since it fails to meet any legal requirements to create an interest

in the property; (c) in the alternative, the Business Sale is ambiguous since it fails to

specifically describe the ten acre parcel, more or less, to be used for developing a

trailer park; (d) any rights created in Bordelon’s favor under the Business Sale was

limited to the right to participate in the development of the trailer park on the ten

acres and to share ownership in a legal entity to be established by the Stegalls to

develop the trailer park; and (e) the rights created in the Business Sale were personal

rights granted in a contract which prescribed in ten years as a matter of law.

A hearing on these matters came before the trial court on January 10, 2022.

The trial court found that the Business Sale did in fact properly reserve a 29%

ownership of Bord’s Concrete, as a business entity only, in Bordelon’s favor.

However, in as much as the Business Sale lacked any specific property description,

the trial court determined that Bordelon’s ownership interest in the immovable

property was not preserved. Accordingly, the notice of ownership had no effect on

the previously recorded cash sale. The trial court signed a judgment to this effect on

June 28, 2022.

3 In response to the trial court’s original judgment, the Stegalls filed a motion

to modify judgment to specifically describe the property at issue, and Bordelon filed

a rule for partial new trial on the issue of ownership of the immovable property.

After a hearing held on August 29, 2022, the trial court granted the Stegalls’ motion

to modify the judgment and denied Bordelon’s motion for partial new trial. The trial

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Mary Alice Dugas Bordelon, Individually and as Trustee of the Erick James Bordelon Trust v. William A. Stegall, Sr., Counsel Stack Legal Research, https://law.counselstack.com/opinion/mary-alice-dugas-bordelon-individually-and-as-trustee-of-the-erick-james-lactapp-2023.