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BUCK v. KLEIBER MOTOR CO.

No. 8618.

98 F.2d 903 (1938)

BUCK et al. v. KLEIBER MOTOR CO.

Circuit Court of Appeals, Ninth Circuit.

September 8, 1938.

Attorney(s) appearing for the Case

Norman A. Eisner, of San Francisco, Cal., for appellants.

Edmund G. Brown, Harold C. Brown, and E. E. Mitchell, all of San Francisco, Cal., for appellee.

Before WILBUR, DENMAN, and MATHEWS, Circuit Judges.

DENMAN, Circuit Judge.

Petitioner claims that the transfer of assets from the Truck Company to the Motor Company in 1926, constituted a liquidation of the Truck Company within the meaning of the provision of its articles of incorporation reading: "* * * [In] case of liquidation or dissolution of the company, [the preferred stockholders] shall be paid in full at the par value of their said shares and the accrued dividends, before any amounts shall be paid to...

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