Comstock v. Wood

For many years-, the decedent and two brothers, II. R. and Guy II. Straight, were engaged in the manufacture and sale of clay products at Auburn, Iowa, as a copartnership, under the firm name and style of the Auburn Brick & Tile Company. In the fall of 1912, they filed' articles of incorporation, providing for 'a capital of $100,000. At the same time, an application was filed for permission to .pay the capital with the property of the. copartnership and certain real property, title to which was held in the names of the respective partners. In due time, a certificate authorizing the…