Schultz v. Unemployment Compensation Board of Review

Opinion by

Judge Kramer,

This is an appeal by Max Schultz (appellant) from an order of the Unemployment Compensation Board of Review (Board) denying him benefits under Section 402(h) of the Unemployment Compensation Law.1 The Board, affirming the referee, found that appellant was an unemployed businessman and, thus, ineligible for benefits.

The record shows that appellant was the owner of 25% of the capital stock of D. Schultz & Co., Inc., a *408family-owned corporation. Appellant served as the president of the corporation for approximately one and one-half years, prior to his separation on December…