Moultrie v. WallAnnotate this Case
This issue this case presented for the Supreme Court's review centered on the ownership interests in and control of Autauga Automotive, LLC, a limited liability company that owned and operated a Ford Motor Company franchise in Prattville known as "Gilmore Ford." Frank Moultrie appealed a circuit court judgment which held that the interests of Charles O. Wall II and Moultrie in the profits and losses of Autauga Automotive were 90% and 10%, respectively, but that Moultrie was divested of his 10% interest for failing to pay a required capital contribution. The Supreme Court affirmed in part, and reversed in part. That part of the circuit court's judgment holding that Moultrie was divested of his interest in Autauga Automotive by failing to make a capital contribution pursuant to Wall's September 2012 capital call was reversed, and the case remanded back to the circuit court with instructions to enter a judgment in favor of Moultrie on that claim. The case was affirmed in all other aspects.