[Download] "Degarmo V. Goldman" by Supreme Court Of California In Bank # Book PDF Kindle ePub Free
eBook details
- Title: Degarmo V. Goldman
- Author : Supreme Court Of California In Bank
- Release Date : January 05, 1942
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 64 KB
Description
EDMONDS, J. The controversy between the parties to this litigation concerns the affairs of the Golden State Glass Corporation. G. C. DeGarmo, one of its stockholders, and also a director, under the authority of section 310 of the Civil Code, brought a suit against N. E. Shenberg and A. Goldman for the purpose of removing them as directors. As grounds for such removal, DeGarmo alleged that they had grossly abused their authority and had committed certain fraudulent and dishonest acts. In a second count of the complaint, it was alleged that the conduct of these directors had damaged the corporation in the sum of $10,000, and that the suit was prosecuted by the stockholder, on behalf of the corporation, because a demand upon its board of directors to sue would be useless.