Holm v. H & S ASPHALT CO.

Peterson, Justice.

The Workmen’s Compensation Commission denied relator’s claim for compensation, based upon its determinative finding of fact that relator was not at the time of his injury an employee of respondent H & S Asphalt Company, a corporation.

Relator, who had been the sole proprietor of an asphalt paving business for several years, formed the corporation to conduct the same business. He turned over to the corporation his road equipment, valued at its tax basis of $46,475; in exchange, the corporation issued to him its capital stock in the amount of $20,000 and entered upon its books,…