American Bond & Mortgage Co. v. Lindsay
California Court of Appeal
APPEAL from a judgment of the Superior Court of Los Angeles County. Chas. Wellborn, Judge. The facts are stated in the opinion of the court.
1Opinion of the CourtFinlayson, P. J.
This is an action by a California corporation to cancel an issue of certain of its shares of treasury stock—shares that it had issued to the four defendants, Lindsay, Corbaley, Maeseher, and McKinney, in exchange for certain shares that they owned of the capital stock of the State Investment Company. The theory of the complaint is that the issue of plaintiff’s stock in exchange for stock of the State Investment Company was in direct contravention of a permit that had been granted by the commissioner of corporations, and that, therefore, under the provisions of the Investment Companies Act,…
2Cases cited4 opinions
- Libby v. PelhamIdaho Supreme Court · 1917
- Dreisbach v. EckelkampSupreme Court of New Jersey · 1912
- Wright v. DayNew York Supreme Court · 1908
- Campodonico v. GrossiniCalifornia Supreme Court · 1885
3Cited by2 opinions
- Hornick v. First Catholic Slovak UnionSupreme Court of Kansas · 1924
- Clifford v. FleshmanCalifornia Court of Appeal · 1924