Tampa Water Works Co. v. Wood

—R. D. Wood & Company, a copartnership composed of Walter Wood and Stuart Wood, owned shares of the capital stock of the Tampa Water Works Company, a Florida Corporation. In March, 1914, Stuart Wood died and in 1920 the affairs of the copartnership being managed by Walter Wood as survivor, were placed in the hands of a receiver who transferred the stock in the Tampa Water Works Company to Walter Wood.

From 1902 to the date of Stuart Wood’s death, 1914, the business of Tampa Water Works Company was managed by Stuart Wood, as a member of the copartnership of R. D. Wood & Company, which had…