In Re San Joaquin Light & Power Corp.

This is an appeal ~rom a judgment entered in a proceeding brought under section 403 of the Civil Code.

We will refer to the San Joaquin Light and Power Cor poration as San Joaquin and to Pacific Gas and Electric Company as Pacific. For many years prior to the time in question San Joaquin was a public utility supplying electricity, gas and water to consumers in Fresno and other counties. In August, 1938, it began proceedings to dissolve voluntarily and wind up its affairs as provided for in sections 400 et seq. of the Civil Code. About 89 per cent of its outstanding stock was then owned and…