MOORE, Justice.
September 9, 1957, plaintiff in error Empire Diesel, Inc., to whom we will refer as Empire, was organized as a Colorado corporation and its authorized shares were issued—1,000 to Walter K. Clark, and 1,000 to others. The corporation conducted a diesel repair shop. On December 17, 1958, Jerome Clay acquired a portion of the stock, and purchased the remaining shares on January 20, 1959. Thereafter the stock was held 999 shares by Clay, 1,000 shares...
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