Young v. Hoagland

Up to November 30, 1923, the defendants, Hoagland, Prentice and Wilde, were, and for some years prior thereto had been, members of the board of five directors of the Humboldt Oil Company, a California corporation. Said board of directors in the preceding month of October had levied an assessment on the capital stock of said company designated as assessment No. 3. On said thirtieth day of November a meeting of the stockholders was held and said board of directors was removed and a new board of directors was elected to replace the members of the board removed. On the same day the new board of…