Case Name: William Gray, appellee, v. Gail M. Gray, appellant
Court: Nebraska Supreme Court
Jurisdiction: Nebraska
Decision Date: 1989-10-27
Citations: 233 Neb. 627
Docket Number: No. 87-974
Parties: William Gray, appellee, v. Gail M. Gray, appellant.
Judges: Hastings, C.J., White, Shanahan, and Fahrnbruch, JJ., and McGinn, D.J.
Reporter: Nebraska Reports
Volume: 233
Pages: 627–627

Head Matter:
William Gray, appellee, v. Gail M. Gray, appellant.
447 N.W.2d 220
Filed October 27, 1989.
No. 87-974.
Donald E. Earnshaw and Horace H. Reynolds IV for appellant. .
No appearance for appellee.
Hastings, C.J., White, Shanahan, and Fahrnbruch, JJ., and McGinn, D.J.

Opinion:
Per Curiam.
As part of a property settlement in the district court, the appellant, Gail M. Gray, caused certain shares of a family corporation to be sold to the corporation. The corporation's president, William Gray, Gail's ex-husband, caused corporation notes to be executed in payment of the stock. William agreed in the settlement document that "[s]aid note[s] shall be personally guaranteed by William." The notes were not paid as they came due, and Gail sought to collect the same from William and/or the corporation by various proceedings in aid of execution.
William and the corporation objected to the proceedings, contending in substance: (1) that no judgment has been had against the corporation and that absent such judgment, the corporation is not a judgment debtor; (2) that William has fully performed the promise made in the agreement to "guarantee" the notes, and to enforce the guaranty a separate action is required; and (3) that the corporation notes are not the obligation of William simply by being mentioned in a settlement agreement in a dissolution matter.
We agree with the trial court. Since the claims have not been reduced to judgments, proceedings in aid of executions cannot be maintained.
Affirmed.