Stambaugh v. Haffa

On and prior to January 26, 1926, two corporations organized under the laws of Iowa, one the Medical Life Insurance Company and the other the Insurance Loan & Investment Company, had their principal places of business in the city of Waterloo. The officers of the two companies were generally the same and they occupied the same offices. On January 26, 1926, appellant purchased 800 shares of the preferred stock of the investment company at par and for which he paid $8,000 by check on the Grundy County National Bank. On February 3d following, he purchased 400 additional shares, for which he paid…