Baker v. Hellner Realty Co.

The Frischkorn Realty Company was organized in 1917 under the laws of Michigan. It was a closed corporation, in which all of the stock was held by Ephriam .S. Frischkorn and his two brothers, also active as its officers and directors. In 1925, the capital was increased and newly-issued stock -was offered and sold to the public. Ephriam S. Frischkorn remained its president and a director and stockholder until the dissolution of the company. He is hereinafter referred to as the defendant, although the Hellner Realty Company and J: H. Frischkonl were also joined as defendants. Prior to the…