BURK v. COOPERATIVE FINANCE CORP.

No. 36420.

62 Wn.2d 740 (1963)

384 P.2d 618

FRANK A. BURK, Respondent, v. COOPERATIVE FINANCE CORPORATION, et al., Appellants.

The Supreme Court of Washington, Department Two.

August 15, 1963.


Attorney(s) appearing for the Case

MacDonald, Hoague & Bayless, by Francis Hoague, for appellants.

Sullivan, Redman & Winsor, by M. Chandler Redman, for respondent.


FINLEY, J.

In 1953, Cooperative Finance Corporation (defendant-appellant, hereinafter referred to as CFC) was organized pursuant to RCW 23.86 as a cooperative corporation engaged in the finance business. Subsequently, on July 11, 1955, Frank Burk (plaintiff-respondent) purchased 45 shares of CFC preferred stock1 from the cooperative for $4,500. These shares of preferred stock contained a statement...

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