HENDERSON, J., delivered the opinion of the Court.
The controversy in this case arises out of the insolvency of a canning company and involves the relative priority of the claims of two creditors.
The Mountain Lake Canning Company, Incorporated, was incorporated in 1946 by Leister and wife and Roland N. Shaffer and wife, each of whom were named as incorporators and directors. Leister became the president. Each couple paid $25,000 for 250 shares of capital...
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