Hogan v. Ingold

This ease presents to this court for the first time the question as to whether section 834 of the Corporations Code1 (Stats. 1949, ch. 499, § l).is validly applicable to a stockholder’s derivative suit commenced after the effective date of the statute but concerning wrongs allegedly committed before that date and which suit is instituted by a shareholder who acquired his stock otherwise than by operation of law, and at a time subsequent to the commission of the wrongs complained of but prior to enactment of the statute. We conclude that the statute is procedural, that application of it here…