Colburn v. Spokane City Club

Millard, J. —

By this derivative action brought against Spokane City Club and Spokane City and University Club, domestic corporations, by Dana Child, N. S. Hopkins, and Norma Joan Hopkins (three stockholders of Spokane City Club) for the benefit of Spokane City Club, its stockholders, and creditors, plaintiffs sought cancellation of an alleged invalid contract under which all of the property of Spokane City Club was leased, with option to purchase, to Spokane City and University Club; quieting of title in, and restoration to, Spokane City Club of that property; and an accounting for earnings.…