In 1935, following the death of  William Nygaard, the publishing house turned into a corporation in connection with the inheritance settlement and Williams Nygaard's son, Mads Wiel Nygaard became the Executive Officer.
In 1935, following William Nygaard's demise, the publishing house transformed into a corporation as part of an inheritance settlement, and Mads Wiel Nygaard, son of William Nygaard, became the Executive Officer.