Wallace v. Commonwealth

Opinión by

Judge Rogers,

Charles A. Wallace has appealed an order of .the Unemployment Compensation Board of Review af*609firming a referee’s determination that Wallace was an unemployed businessman and therefore ineligible for compensation benefits under Section 402(h) of the Unemploymenjt Compensation Law, Act of December 5, 1936, Second Ex. Sess., P.L. (1937) 2897, as amended, 43 P.S. §802 (h). We affirm.

Wallace was separated from his employment with the Academy of Isshinryo Karate, Inc. due to a decline in the corporation’s business. Wallace owned 50% of the stock of the corporation, held the…