Smith v. Rubel

Preceding the trial the parties agreed upon the facts constituting the foundation of the action and thereupon signed a stipulation to which we shall now refer. August 5, 1930, the defendant owned 40 shares of the Class B capital stock of the Time-Q-Stat Controls Company of Elkhart, Indiana. The Class A stock of that corporation was listed on the Chicago Stock Exchange and sold at $25.00 per share. The Class B stock was not listed upon any exchange, and its sale was effected in Chicago, Indianapolis, Minneapolis, Milwaukee and Elkhart in a manner described in the stipulation as “over the…