Brenaman v. Whitehouse
Washington Supreme Court
Appeal from a judgment of the superior court for Spokane county, Blake, J., entered May 1, 1914, upon findings in favor of the plaintiff, in an action by a receiver to recover the amount of a dividend received by stockholders of a corporation.
1Opinion of the Court
Holcomb, J.-
During the month of September, 1910, the appellants were stockholders in, and members of the board of trustees of, the McDermid-Salnave Engraving Company. Prior thereto, the corporation had sold certain of its stock to the Shaw-Bord'en Company and other persons, which stock had been paid for in cash. It was agreed between the McDermid-Salnave Company and the various persons above referred to that the McDermid-Salnave Company might do certain work-for them in its line of business, to be paid for, fifty per cent in cash and fifty per cent in the stock of the McDermid-Salnave…
2Cases cited7 opinions
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3Cited by8 opinions
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