LUM v. KWONG

NO. 2802.

39 Haw. 532 (1952)

YIN TAI LUM v. HEE KWONG, HEE YOUNG, HEE YEE, HEE HAU, NG SHEONG HEE, HEE HOP AND L. KOON CHAN, LIMITED, AND MARTIN PENCE, INTERVENOR.

Supreme Court of Hawaii.

Decided October 7, 1952.


Attorney(s) appearing for the Case

J.G. Anthony (Robertson, Castle & Anthony on the briefs) for appellant.

R.G. Dodge (Heen & Kai and A.H. Spitzer on the brief) for appellees.

J.R. Cades (Smith, Wild, Beebe & Cades on the brief) for intervenor-appellee.

TOWSE, C.J., LE BARON AND STAINBACK, JJ.


OPINION OF THE COURT BY STAINBACK, J.

This is an appeal from the decree of a circuit judge sitting in equity dismissing a stockholder's suit brought by appellant against the appellee corporation, L. Koon Chan, Limited, and individual appellees to enjoin the dissipation of the assets of the corporation through the device of a lease of its real estate for an inadequate rental.

Appellant is a stockholder in the L. Koon Chan, Limited, owning 386 out of a total...

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