Buse & Caldwell Dissolution Case

Opinion by

Mr. Justice Linn,

For some time prior to September 5, 1908, George A. Buse and Charles E. Caldwell, the appellant, were partners, Buse’s interest being % and Caldwell’s %. On that date they incorporated under the title of Buse & Caldwell, Buse taking 65 shares, his wife Ella J. Buse 1 share, and Caldwell 34 shares. Buse died March 22, 1933. Letters testamentary were granted to his wife, Ella J. Buse, appellee. On March 31, 1933, she and Caldwell, holding all the capital stock, executed an agreement for the dissolution of the corporation. One of the provisions was as follows: “NINTH:…