Farmers Cooperative Mercantile Co. v. Shultz

Plaintiff, Farmers Cooperative Mercantile Company of Scribner, Nebraska, is a cooperative corporation, organized under the laws of Nebraska and engaged in handling grain, lumber and other commodities. During the time of all the transactions involved, in this controversy, Arthur H. Shultz ■ was a stockholder and a .member of the board of directors, and also president and manager of the corporation. Defendant Mary A. Shultz" was the wife of Arthur H. Shultz, and she and the other defendants were shareholders in the corporation.

Plaintiff in its second amended petition declared on ten separate…