Bank of America National Trust & Savings Ass'n v. New York Life Insurance

WHITE, J., pro tem.

This is an appeal from a judgment in favor of defendants in an action for conversion. The facts material to this litigation are that in 1925 Pacific National Building Corporation constructed a twelve-story bank and office building at 855 South Hill Street in the city of Los Angeles. All of the stock of Pacific National Building Corporation was owned by a parent holding company known -as Pacific National Company. Prior to the completion of the building, the ground floor and basement thereof were leased to Pacific National Bank, predecessor in interest of the plaintiff…