Popperman v. Rest Haven Cemetery, Inc.

Petitioner sued respondents on two promissory notes of Rest Haven Cemetery, Inc., a dissolved corporation. The notes were dated November 1, 1947, and were payable to petitioner who was at the time president of the corporation and owner of all the stock of the corporation, other than nominal director shares. The relation of the parties to this suit with respect to the corporation and the shares of stock is as follows: In 1942, one F. Swirsky purchased the stock in the corporation from the individual respondents and executed a note in the sum of $25,000.00 in payment therefor; the note was…