Winchester v. Howard

This appeal is from the judgment for the purpose of reviewing the order sustaining the respondent's demurrer to the complaint. The action was brought by plaintiff, as assignee of certain depositors of the Savings Bank of San Diego County, to recover of respondent and others the sum of $376,359.46 claimed to have been misappropriated by the officers of the bank. The proceeding is under the latter clause of section 3 of article XII of the constitution, which reads as follows: —

"The directors or trustees of corporations and joint-stock associations shall be jointly and severally liable to the…