J. W. Fales Co. v. O. H. Seiple Co.

The O. H. Seiple Co., a domestic corporation organized January 20, 1926, and hereinafter designated the “Bellingham corporation,” maintained offices and warehouses in Bellingham and Mt. Yernon. Originally, there were five trustees of the corporation, all of whom qualified. O. H. Seiple, president of the corporation, aided by his wife (Anna C. Seiple), who was secretary-treasurer of the corporation, had entire control of the business of this company. The proceeds of the accounts receivable were deposited (and paid on the corporation’s checks) by the Bellingham corporation in its bank accounts…