De Croupet v. Frank

In the summer of 1916 Christian De-Croupet died. He had, some four years prior to his death, incorporated the DeCroupet Iron Works, with a capital of $25,000 (250 shares at $100 par each). Of this capital stock he held in his own name at the time of his death 240 shares, Frederick Hesse held 5 shares and Charles Frank held 5 shares. By the terms of his will, a daughter, Elizabeth DeCroupet, received 96 *466shares; a son, Jacob DeCroupét (plaintiff herein), received 96 shares; and a daughter, Anna Frank (defendant herein), received 48 shares. Through the consent of his sisters, plaintiff, in the…