Azevedo
Azevedo v. Sequeira
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…