Legal Opinion
Stewart v. Engelberg
California Supreme Court
Decided July 17, 1929No. Docket No. S.F. 12835PublishedCited by 4 opinions
1Opinion of the CourtPreston, J.
Action upon stockholders’ liability for corporate indebtedness (Civ. Code, sec. 322).
Plaintiff sued each of the five directors of United Income Properties, Inc., a corporation, for a one-fifth of his demand. Issue was joined by all the defendants other than Ray B. Nisbet, who was not served with process. A jury was called in the action and by its verdict fixed the corporate indebtedness at $25,000, and the share of each of the defendants at one-fifth thereof. Judgment passed for plaintiff accordingly. Defendants have appealed upon the full record.
The sole proposition requiring discussion is…
2Cases cited1 opinion
- Unruh v. KauffmanCalifornia Supreme Court · 1928
3Cited by4 opinions
- Anglo California National Bank v. KleinNew York Supreme Court · 1936
- Meyer & Holler v. Ramona VillageCalifornia Court of Appeal · 1935
- Western Pacific Paper Co. v. Hollywood Topics, Inc.California Court of Appeal · 1931
- Langer v. WoodCalifornia Court of Appeal · 1934