Azevedo

Azevedo v. Sequeira

Good Law
132 Cal. App. 439·1933 Cal. App. LEXIS 367·22 P.2d 745
Court of Appeal of CaliforniaJune 5, 1933Docket No. 4876.California1,435 words

Opinion

lead Opinion

Thompson, J.

This is an appeal from a judgment quieting title in some of the defendants to nine shares of the capital stock of Gustine Creamery, Inc., a corporation.

The court found that the plaintiffs A. J. and M. J. Azevedo, the defendants Sequeira, Pereira, Avila and one Silveira organized in 1914 and subsequently operated a co-partnership under the firm name of A. J. Azevedo and Company, as a dairy business; that they purchased independently of the copartnership seven shares of the capital stock of the Gustine Creamery, Inc., a corporation, which shares were personally owned by said individuals as follows: A. J. Azevedo, two shares, and the other five partners last mentioned one share each. It was further ■ found that these shares of stock were subsequently augmented by the earnings from stock dividends until each of said original seven shares were multiplied by three and aggregated twenty-one shares in all. The plaintiffs thereby became the owners of six shares and the other last-mentioned partners, to wit, Sequeira, Pereira, Avila and Silveira, became the owners of three shares each. The court found that the partnership was subsequently dissolved, leaving each of the individuals…

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