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McLAUGHLIN LAND & LIVESTOCK CO. v. BANK OF AMERICA, ETC.

No. 8385.

94 F.2d 491 (1938)

McLAUGHLIN LAND & LIVESTOCK CO. v. BANK OF AMERICA, NAT. TRUST & SAV. ASS'N.

Circuit Court of Appeals, Ninth Circuit.

January 25, 1938.

Attorney(s) appearing for the Case

James M. Thomas, of San Francisco, Cal., for appellant.

Keyes & Erskine and William A. White, all of San Francisco, Cal., for appellee.

Before GARRECHT, MATHEWS, and HANEY, Circuit Judges.

GARRECHT, Circuit Judge.

The appellant, McLaughlin Land & Livestock Company, was a corporation in Monterey county, Cal., the entire stock of which was owned within the McLaughlin family; Patrick McLaughlin, Kathryn McLaughlin, Mary McLaughlin, and Thomas Maher, each owning one and one-quarter shares out of the total of five. Patrick McLaughlin had been president since the death of his father in 1923. Incorporated in 1913 the appellant was to engage in raising...

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