Clifford v. Hauskins

In this declaratory judgment action plaintiff contends, inter alia, that he is the owner of one-half of the shares of defendant M & H Manufacturing, Inc. (corporation) and that the corporation and its principal shareholder, defendant Hauskins, owe plaintiff one-half of the proceeds received from the sale of the corporation to defendant B & E Anderson Investment Company. Plaintiff appeals from the trial court’s summary judgment for defendants. We reverse.

The ultimate question is whether a $20,000 payment from plaintiff to Hauskins was for the purchase of shares of the corporation or was made…