Treadwell

Guaranty Loan Co. v. Treadwell

Good Law
1921 Cal. App. LEXIS 484·53 Cal. App. 538·200 P. 653
Court of Appeal of CaliforniaJuly 15, 1921Civ. No. 3905.California1,562 words

Opinion

Lead Opinion

Application for a writ of mandate to compel respondents to deliver over to petitioners, papers, seals, and other documents belonging to the above-named corporation.

It is alleged that the company has issued and outstanding capital stock of 324 shares, of which amount 321 shares thereof are in the name of the Goewey Estate Company, the others being issued in three certificates for one share each, in the names of James W. Treadwell, Bernard E. Tormey, and R. H. Briare, respectively. These latter shares, it is recited, were issued for the sole purpose of qualifying the person in whose name it stood to act as a director of the corporation, and for no other purpose, the beneficial ownership in the entire stock being in the Goewey Estate Company, which is a holding concern for its subsidiary, the Guaranty Loan Company.

On or about the sixteenth day of April, 1921, the Goewey Estate Company by and through resolution duly passed, called a meeting of the board of directors of that concern, and at such meeting ordered and directed that the three certificates for one share of stock each in said Guaranty Loan Company standing in the names of the persons aforesaid be canceled and reissued in…

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