Aronson & Co. v. Pearson

FINCH, J., pro tem.

This is an appeal by the defendant from the judgment herein against her, based upon her alleged liability as a stockholder of the Pearson Ranch Company, a corporation, having a capital stock of $500,000, divided into 5,000 shares of the par value of $100 each.

In May, 1922, 4,749 shares of such stock were issued to W. J. Pearson, the husband of defendant, they having been married in the year 1909. This action is prosecuted on the theory that the defendant was at all times the equitable owner of such shares of stock and the court so found. The principal question presented by…