Walker v. Harbor Realty & Development Corp.

This is an appeal from a judgment for the plaintiff, in an action to recover damages suffered by the plaintiff on account of an alleged fraudulent sale to her by the defendants of corporate stock of the defendant corporation.

It is not disputed that the stock certificates delivered to the plaintiff in exchange for $5,000 cash found to have been paid by her were issued by the corporation and delivered to the plaintiff by the defendant Elmer Dwiggins, acting as president of said corporation," prior to the issuance of a permit therefor by the corporation commissioner, as required by section 12 of…