Magnetic Manufacturing Co. v. Manegold

It is plain that only one sale of stock was made and that the by-law only deals with sales. There never was but one owner of the stock, Manegold. It is urged in defense that Manegold by concealing his ownership does not come into a court of equity with clean hands, and that under the rule of Gloede v. Socha, 199 Wis. 503, 220 N. W. 950, relief should be denied him. This is a special proceeding under a statute, not a suit in equity. But Manegold’s conduct was not violative of any rights of the corporation. He made no false representations, nor were any made by any one. Coerper did not inform…