John B. Gentry, Sr., Petitioners v. Credit Plan Corporation of Houston, Respondents

Summary

The Texas Supreme Court held that Credit Plan Corporation was the alter ego of its parent Colonial Finance Corporation (and its successor Kelcor), and that filing suit against Credit Plan tolled the two‑year statute of limitations for Colonial and Kelcor. Accordingly, the trial court’s judgment against all defendants was affirmed and the Court of Civil Appeals was reversed.