Rapp v. Felsenthal

OPINION

HOLMAN, Justice.

This is a suit in which one shareholder (appellee) sued to recover funds withdrawn from the corporation by its other shareholder (appellant).

In a counterclaim, appellant asked that salary which the appellee had been paid as a corporate employee be returned to the corporation.

The court rendered judgment ordering appellant to return the withdrawn funds. His counterclaim was denied.

We affirm.

The corporation was organized by appellant in 1976 to operate a restaurant called “Endicott’s Ore House.” Appellant owned all of the capital stock issued.

On March 10, 1978, an…