Brown v. Ball

DOOLING, J., pro tem.

This is an appeal by defendant, W. F. Ball, from a judgment against him based upon the stockholders ’ liability formerly provided for in section 322 of the Civil Code before its amendment in 1931. The plaintiff sued and recovered judgment as assignee of thirty-two separate creditors of Bartlett Music Company, a California corporation. The court found that at the time the indebtednesses sued upon were created appellant was the owner of 776 shares of the stock of such corporation out of 1720 then subscribed and gave judgment against appellant on that basis for $9,269.32.

Appe…