Punch v. Hipolite Co.

The Hipolite Company is a Missouri corporation, incorporated in 1913, with 2000 shares of common stock, of the par value of $100 per share, issued and outstanding. The company is, and has been continuously since its organization, engaged in the manufacture and sale of "a marshmallow cream" under the copyrighted, and nationally advertised, name of "Hip-O-Lite." The office and factory is in St. Louis. In 1926 the Boatmen's Bank of St. Louis was the owner of 1089 shares of the Hipolite Company stock and held unsecured notes of the Hipolite Company for money loaned that company in the principal…