La Habra Oil Co. v. Francis

This was an action to enforce payment of an assessment levied by the plaintiff corporation. The appeal is taken from a judgment rendered in accordance with the prayer of the complaint.

The appellant held the stock upon which the assessment was levied as trustee for other persons. In the stipulation of facts upon which the case was decided there appears this recitation: “That at the time of the issuance of said certificate No. 133 and the delivery thereof to the defendant, plaintiff knew that the defendant held the stock represented by said certificate as trustee for other persons, a list of…