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FREY v. GEUDER, PAESCHKE & FREY CO.

4 Wis.2d 257 (1958)

FREY and others, Respondents, vs. GEUDER, PAESCHKE & FREY COMPANY and others, Appellants.

Supreme Court of Wisconsin.

June 3, 1958.

Attorney(s) appearing for the Case

The cause was submitted for the appellants on the briefs of Quarles, Herriott & Clemons, attorneys, and Maxwell H. Herriott and Neal E. Madisen of counsel, and for the respondents on the brief of Harry Primakow, attorney, and Seymour Gimbel of counsel, all of Milwaukee.

WINGERT, J.

This appeal presents three main questions:

1. Was the issuance of some of the 3,000 shares of stock improper by reason of failure to conform with the limitations placed upon the distribution of such stock by the resolution adopted by the shareholders of the parent company on December 7, 1936?

2. Was the issuance of some or all of the stock in question invalid because in violation of the prohibition in sec. 182.06, Stats. 1935 to 1943, against...

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