422 West 15th Street, Inc., was formed in 1938 as a domestic corporation. At that time, Holmes Rieke (Holmes), William Rieke (William) and Philip Herrman (Herrman), each received one and one-half shares of "organization" stock. It appears from the record that in 1946 William's shares were assigned to Holmes. It is uncontroverted that from 1946 until December, 1950 William had no connection with the said corporation. Basically, 422 West 15th Street, Inc., was a real estate...
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