CARR, C.J.
Pursuant to agreement between plaintiff Richard E. Reitz and defendant Lawrence M. Holloway the Owosso Finance Company was organized in January, 1952, for the carrying on of a small loan business. Said company was capitalized at $15,000, Reitz subscribing for 70 shares of stock and Holloway for 80 shares. At a later time said capitalization was increased to $45,000 on the basis of like proportionate subscriptions. For some years the business was conducted...
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