Lawrence v. Premier Indemnity Assurance Co.

The Premier Indemnity Company and the San Diego Land and Mortgage Company are the same corporation. This action is against it and three of its five directors to recover for the alleged conversion by them of 175 shares of the corporation’s stock belonging to the plaintiff. The defendants had judgment in the lower court and the plaintiff appeals.

Two preliminary matters should be disposed of before considering the merits of the case. The first of these is the contention of the appellant that the lower court erred in overruling a special demurrer to an affirmative defense pleaded by the answers.…