Davis v. Park Securities Corp.

Appeal from a judgment of dismissal in an action for an .accounting and to recover judgment for a percentage of royalty payments received by defendant from certain dredging operations.

The complaint alleges that the defendant Park Securities Corporation is a closed corporation; that except for only one share, all of the issued stock of the defendant corporation is owned by C. H. Hefferlin and his wife, Mildred C. Hefferlin; that C. H. Hefferlin is the president, treasurer and general manager of the corporation which is the owner of seven patented placer mining claims located in the Emigrant…