Davies v. Meisenheimer

For many years defendant, Edward J. Mei-senheimer, has been a director and president of Meisenheimer Printing Company, a Wisconsin corporation. More recently he has also been treasurer of the company. The company is a closely held family corporation and prior to 1940 the directors were Edward J. Meisenheimer and his brothers, Adam, Rudolph, and Joseph. A sister, Daisy, was the only stockholder other than the directors. Since 1930 there has been a practice in the corporation of having the corporation advance sums to pay personal obligations and expenses of Edward J. Meisen-heimer and other…