Gallois v. West End Chemical Co.

Appeal by a dissenting shareholder of respondent West End Chemical Company, a California corporation, from a judgment determining the fair market value of his shares, pursuant to the provisions of Corporations Code, sections 4300-4318.

The sole question before us is whether the court below was in error in excluding evidence offered to show that appellant’s stock, which was a participating preferred stock, callable at $1.05, was "de facto” noncallable. We conclude that the judgment was correct.

Appellant asserts that a federal question lurks in this record, the theory apparently being that due…