Green v. Abietine Medical Co.
California Supreme Court
Appeal from a judgment of the Superior Court of Butte County, and from an order denying a new trial. The facts are stated in the opinion.
1Opinion of the Court
Vanclief, 0.
— The defendant is a California corporation which was organized on the twenty-second day of May, 1885, for the purpose of manufacturing medicines from the sap of trees known as abietine-trees, and the plaintiffs are stockholders of the corporation. The corporation levied an assessment of ten cents per share on its capital stock. The plaintiffs having refused to pay the assessment, their stock was advertised for sale. To prevent the sale, plaintiffs paid the assessment, under protest that the assessment was void and that they were under no lawful obligation to pay it.
The object of…
2Cases cited5 opinions
- Santa Cruz Railroad v. SprecklesCalifornia Supreme Court · 1884
- Des Moines Gas Co. v. WestSupreme Court of Iowa · 1878
- Walburn v. ChenaultSupreme Court of Kansas · 1890
- Goff v. Hawkeye Pump & Windmill Co.Supreme Court of Iowa · 1883
- St. Croix Lumber Co. v. MittlestadtSupreme Court of Minnesota · 1890
3Cited by6 opinions
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- Lum v. American Wheel & Vehicle Co.California Supreme Court · 1913
- Wall v. Basin Mining Co.Idaho Supreme Court · 1909
- Seyberth v. American Commander Mining & Milling Co.Idaho Supreme Court · 1926
- Bottle Mining and Milling Co. v. KernCalifornia Court of Appeal · 1908
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