Lampert Bros. Lumber Co. v. Jake Lampert Yards, Inc.

Taylor, C.

About 50 years ago Leonard Lampert and Jacob Lampert, brothers, engaged in the retail lumber business at Sleepy Eye, Minnesota. A few years later they incorporated as the Lampert Lumber Company. In 1923 they concluded to separate and divide the property. They had been unusually successful, and at this time, the company had 72 lumber yards in Minnesota and adjoining states and possessed assets valued at $2,500,000. For the purpose of this case the brothers may be considered as owning all the stock of the company and the division as including all the property, although some of the…