Lawrence v. Tax Commission

On the 20th day of January, 1927, R. E. Lawrence owned or controlled all of the outstanding shares of the capital stock of the Lawrence Restaurant Company, a corporation, at Madison. On said date he disposed of said shares to W. L. Bluteau and F. C. Oetking, in the manner following: he sold to each 110 shares, 60 of which were delivered immediately, for which $10,000 was paid by each of said purchasers. The remaining 50 shares were delivered to each of the purchasers, transferred upon the books of the company and new certificates issued, 50 shares to Bluteau and 50 shares to F. C. Oetking.…