Walden v. Walden

SIMPSON, Justice.

The trial court sustained respondent’s demurrer to the bill of complaint, as amended, and complainant has appealed.

"The facts, as averred in the amended bill, show that on July 27, 1925, Walden-Gamble Motor Company, a corporation, was incorporated with a capital stock of $10,000 divided into 100 shares' of $100 each. The primary object for which the corporation was formed was to buy and sell automobiles.

One D. A. Walden, Jr., holding 50 shares of stock, was president of the corporation; one E. V. Gamble, holding 25 shares of stock, was vice-president and general manager of…