Bauer
Bauer v. Bauer
Opinion
Opinion
McGUINESS, J.
Wayne and Kenneth Bauer appeal from a judgment following a nonjury trial in favor of Bmce Bauer and West Coast Vending Service, Inc. (West Coast), on Wayne and Kenneth’s complaint for corporate dissolution under Corporations Code section 1800. Wayne and Kenneth contend the trial court erred in failing to apply the proper standards for determining whether they were entitled to relief under the applicable statute, and in not making certain requested findings of fact. We disagree and affirm.
Factual and Procedural Background
West Coast, a California corporation, is engaged in the business of installing, operating and maintaining vending machines on its customers’ premises. Kenneth and his wife originally founded West Coast. Later, Kenneth divided the corporation among his three sons, Bmce, Wayne, and David. Bmce became the owner of 66 percent of the outstanding stock of West Coast. David and Wayne each had 17 percent of the corporate shares. At some point, David transferred his 17 percent back to his father Kenneth as security for a loan. Food Tree Snack Bars, Inc. (Food Tree), is a separate California corporation. Bruce owns 50 percent of its outstanding shares, Wayne…