PER CURIAM.
On April 15, 1932, less than a month before the involuntary petition in bankruptcy was filed in this case, the board of directors of the corporation authorized the execution of a promissory note whereby the corporation promised to pay to its president the sum of $20,000 for past-due salary, at the rate of $5,000 per year. One-half of the indebtedness was then barred by limitations under the law of Virginia. The board consisted of three persons, the president...
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