Beyerbach v. Juno Oil Co.

Plaintiff, a stockholder of defendant Juno Oil Company, instituted a stockholder’s derivative suit to compel defendants Henderson and Carpenter to transfer a certain oil. lease to defendant Juno Oil Company and to account for and pay to Juno sums received under the lease as rents and royalties. Defendants moved, under section 834 of the Corporations Code, for an order- requiring plaintiff to furnish security for reasonable expenses which might be *16incurred by defendants in connection with the action. Plaintiff failed to deposit security as ordered by the trial court and the court dismissed the…