Rosenberry v. Clark

KNUDSON, Chief Justice.

For a number of years, appellant D. E. Clark, operated a retail lumber business as a sole proprietorship,- under the name of Clark’s Material Supply Co. On or about April 16, 1959, he caused said company to be incorporated, at which time the abbreviation “Inc.” was added to the corporate name (hereinafter referred to as the corporation). D. E. Clark owned all the stock of the corporation except three shares, one of which was owned by Florence E. Clark, his ■wife, and another by his son. D. E. Clark was president, manager and a director of the corporation. After…