Julian

Julian v. Schwartz

Good Law
1 Cal. 2d 269·1934 Cal. LEXIS 360·34 P.2d 487
Supreme Court of CaliforniaJuly 11, 1934L. A. 14609California644 words

Opinion

Opinion

Waste, J.

This action was brought to have the ownership of, and certain conflicting rights and interests in, certain oil wells and the proceeds of production therefrom judicially determined. At the commencement of the action, and pursuant to stipulation, receivers were appointed to take charge of and operate the wells and conserve the net proceeds. From time to time the receivers resigned and trustees were appointed, also pursuant to a stipulation, to operate the wells and impound the funds received. A “nominal” receiver was appointed to carry on litigation affecting funds due the prior receivership from persons purchasing oil from the wells. This “nominal” receivership is still in effect and is not affected by the proposed order here sought to be restrained. At the conclusion of the trial the court determined the rights and interests of the several parties in and to the several wells and leases involved. Petitioners, being dissatisfied with the judgment as entered, prosecuted an appeal to this court, which appeal is now pending. Subsequent to the taking of the appeal the respondents in this proceeding moved the trial court for an order requiring the trustees to render an accounting and to…

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