Hancock v. Frederick Co-Operative Mercantile Co.

The Co-operative Wholesale Society of America is a corporation organized and existing under the Constitution and laws of the state of Minnesota, and the Frederick Cooperative Mercantile Company, defendant herein, is a domestic corporation. On the 15th day of February, 19119', defendant purchased from the Minnesota corporation 10 shares of its capital stock of the par value of $100 per share, and for which it paid $1,000 in cash. On the 1st day of October, 1921, a judgment was entered in the district court of Ramsey county, Minn., adjudging the said Minnesota corporation insolvent, and…