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SCHEURER v. SCHEURER

No. 46857.

249 N.W.2d 181 (1976)

Herman SCHEURER, a.k.a. Herman Young, et al., Appellants, v. Karl SCHEURER, et al., Respondents.

Supreme Court of Minnesota.

December 23, 1976.

Attorney(s) appearing for the Case

Maslon, Kaplan, Edelman, Borman, Brand & McNulty, John C. McNulty and Marcy S. Wallace, Minneapolis, for appellants.

Mason & Mason, and Marion D. Mason, Mankato, Mackall, Crounse & Moore and Roger Stageberg, Minneapolis, for respondents.

Heard before ROGOSHESKE, TODD, and YETKA, JJ., and considered and decided by the court en banc.

PER CURIAM.

Karl Scheurer (Karl) has acquired various real estate holdings during his lifetime. In 1957, Karl incorporated these holdings. The capital stock of the company has always consisted of 100 shares, issued and outstanding, of which Karl remained the majority shareholder until April 1967. During the intervening years, between incorporation and April 1967, he transferred 48 shares of stock in the corporation equally to his four sons and their respective children...

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