Miller v. Williamson

This is an appeal by the plaintiff from a judgment dismissing the action with prejudice after the sustaining of a demurrer to his complaint, and the only question presented is, does the complaint state a cause of action?

In substance, the complaint charges that the defendant, respondent here, for the purpose of cheating and defrauding prospective stockholders, caused a corporation to be organized with a capital stock of one million dollars, divided into one million shares of the par value of one dollar each, all of which was subscribed by him; *125that the only asset of the corporation when…