Pennecard v. Giant Ledge Mining Co.
Washington Supreme Court
Appeal from a judgment of the superior court for Spokane county, Sullivan, J., entered May 25, 1916, upon findings in favor of the defendant, in an action to cancel a sale of corporate stock, tried to the court.
1Opinion of the CourtMorris, J.
Appellant was the owner of 10,750 shares of the capital stock of the respondent corporation, which stock was, upon its face, subject to assessments. At the time of its purchase, a small cash payment was made upon the stock, and thereafter between June 9, 1914, and July 15, 1915, ten assessments were made upon appellant’s stock, amounting to $96.75. Notice of these assessments was sent to and received by appellant. Hé refused to pay any of them, and on September 18, 1915, his stock, following the statutory proceedings, was sold to respondent Prescott. No question arises as to the manner of the…
2Cited by1 opinion
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