Tomich

Tomich v. Western Loan & Building Co.

Good Law
4 F. Supp. 635·1933 U.S. Dist. LEXIS 1291
United States District Court, Southern District of CaliforniaSeptember 20, 1933No. 59California879 words

Opinion

Lead Opinion

James, J.

Plaintiff, being the owner of one class E investment or stock certificate of Western Loan & Building Company, on account of the purchase of which she has paid the sum of $830, brings this suit in equity seeking to have a receiver appointed and to secure a decree dissolving the company named. The respondent corporation is organized under the laws of the state of Utah. Its principal place of business is there located, and its directors there reside. It is asserted in the bill of complaint that the company has many investors in several of the western states, including California. While it is alleged that out of a total of approximately $23,000,000 loaned by respondent .company on real estate in the several states, about $19,000,000 of that sum is loaned or invested in real estate and other property in California, I find no express allegation showing that the company has any property or investment within this judicial district. Passing without further comment the question whether it is shown that a receiver if appointed could find property which he could take possession of in this jurisdiction, there are other matters requiring attention.

The complaint alleges that respondent J. A.…

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