Wiseman v. Musgrave

Plaintiff Walter G. Wiseman, receiver of Musgrave Tire Sales & Service, Inc., a Michigan corporation, in voluntary dissolution, brought suit against defendant Robert R. Musgrave, the former president, treasurer, and controlling stockholder of the corporation, and1 defendant Howard L. Philippart, a stockholder, charging the unlawful withdrawal of corporate funds by Mus-grave, with the assistance of Philippart while the corporation was insolvent.

Musgrave became connected with the corporation in 1923 or 1924, and in 1931 acquired all of its shares of stock, except two, one of' which was held by…