Mann v. Mann

“The Bismarck Tribune Company is a North Dakota corporation with assets approximately $300,000, liabilities negligible, and capitalized stock of $25,000 divided into 250 shares of $100.” This statement from defendant’s brief is a succinct description of the corporation at the time of the commencement of this action. The defendant held 248 shares of this stock, her sister held one share, and the plaintiff held the remaining share.

In a property settlement, incidental to a divorce proceeding, the defendant agreed to purchase her sister’s share' of stock and sell this together with her own…