Merlino v. Fresno MacAroni Manufacturing Co.

This action was brought for dissolution of the defendant Fresno Macaroni Manufacturing Company, and for the appointment of a receiver. Alfonso Borrelli and Theresa Borrelli; hereinafter referred to as the defendants, their answer, after denying the allegations of wrongdoing the complaint, served notice of their election to buy the plaintiffs’ stock at its fair cash value, pursuant to section 404 subdivision (E) of the Civil Code, either by fixed agreement between the parties or as appraised by three commissioners. The defendants also demanded, as further affirmative relief, that the…