Derby

S. E. Slade Lumber Co. v. Derby

Good Law
1916 Cal. App. LEXIS 328·31 Cal. App. 155·159 P. 881
Court of Appeal of CaliforniaJuly 26, 1916Civ. Ho. 1482California2,413 words

Opinion

Lead Opinion

Ellison, J.

The plaintiff, as a judgment creditor of the defendant, Oscoe E. Derby, brought this suit in equity to have declared void a transfer of 99 shares of the capital stock of the Derby Estate Company (a corporation), made by said Oscoe E. Derby to his wife, the defendant Mary L. Derby. As grounds for the relief asked the plaintiff alleged that said transfer was made without consideration, at a time when the defendant Oscoe was indebted to the plaintiff in a large amount, and to others; that the gift of the shares of stock in said corporation was made by said defendant Oscoe to his wife for the purpose of and with the intent to hinder and defraud his creditors and particularly this plaintiff, in contemplation of insolvency and while the said defendant was insolvent. The findings of the trial court were in accordance with the allegations of the complaint, and a decree was given and made declaring said transfer to be void as to the plaintiff creditor, and said 99 shares of the capital stock of the Derby Estate Company subject to the payment of the plaintiff’s judgment. The appeal is from the judgment and also from an order denying a motion for a new trial. For brevity, the defendant Oscoe…

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