Mancini

Mancini v. Setaro

Good Law
1924 Cal. App. LEXIS 241·69 Cal. App. 748·232 P. 495
Court of Appeal of CaliforniaNovember 22, 1924Civ. No. 4440.California2,176 words

Opinion

Lead Opinion

Sure, J.

Appeal by defendant Patrizi from a judgment in favor of plaintiff for the sum of $400, with costs, under section 324 of the Civil Code, providing in part: “Whenever any officer of any corporation shall refuse to make entries upon the books thereof, or to transfer stock therein, or to issue a certificate or certificates therefor to the transferee as provided by this and the next preceding section, such officer shall be subject to a penalty of four hundred dollars, to be recovered as liquidated damages, in an action brought against him by the person aggrieved. ’ ’

The complaint alleges that defendants Setaro and Patrizi are secretary and president, respectively, of L’Italia Press Company, a California corporation with a capital stock of $100,000 divided' into 4,000 shares of $25 each; that in August, 1908, one Emilio Chirone was the owner and holder of eight shares of said stock, represented by certificate number 19; that Chirone afterward sold the shares and indorsed the certificate to- Buffalo Brewing Company, a corporation; that thereafter the latter company, by L. C. Brandt, its agent, again sold the shares and indorsed the certificate to one V. Savio; that in 1912 the stock…

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