Colorado Trout Fisheries, Inc. v. Welfenberg

In 1921 the defendant Welfenberg owned a tract of land adjoining the town of Petersburg in Arapahoe county on which, he was operating á fish farm. He and Eichard Oppenlander and one "Williams organized a corporation, the Colorado Troiit Fisheries, Inc., the plaintiff herein, to take over this property and continue such business thereon in the corporate name. Conveyance of the land was made by Welfenberg to the corporation, the capital stock of which was divided between the three, one-third to each. There were about thirty acres in the tract which Welfenberg then owned. The land conveyed by…