Wisconsin Supreme Court November 16, 1920 (Shadbolt & Boyd Iron Co. v. Long)

Owen, J.

(dissenting). I regret that more consideration was not given the question of whether an oral subscription to the capital stock of a corporation satisfies the requirement of sec. 1773, Stats. The trend of authority is to uphold the validity of such oral subscriptions, but it is recognized that the charter or governing statute may require the subscription to be in writing. 1 Thompson, Corp.