Weatherby v. Weatherby Lumber Company

McQUADE, Chief Justice.

The defendant, William Weatherby, originally entered into the lumber business in 1943 with his father. He and his father continued in business until 1946, at which time his father died. The business at that time was worth approximately $1,500 and the father and son each had interest. The defendant son continued in the lumber business, and in 1953, the defendant incorporated the Weatherby Lumber Company and issued 177 shares to himself and 140 shares to Sarah Weatherby, his mother. This evidently was to represent the share of the business owned by the deceased father.

The…