Frey v. Geuder, Paeschke & Frey Co.

This appeal presents three main questions:

1. Was the issuance of some of the 3,000 shares of stock improper by reason of failure to conform with the limitations placed upon the distribution of such stock by the resolution adopted by the shareholders of the parent company on December 7, 1936?

2. Was the issuance of some or all of the stock in question invalid because in violation of the prohibition in sec. 182.06, Stats. 1935 to 1943, against issuance of stock for consideration less than its par value?

3. Was the defendant subsidiary company barred by laches or estoppel from canceling any of…