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ESTATE OF SHERMAN

Docket No. 20071.

129 Cal.App.2d 721 (1954)

278 P.2d 42

Estate of HARRY SHERMAN, Deceased. JACOB H. KARP, as Executor, etc., et al., Respondents. v. THEODORA LOIS SHERMAN et al., Appellants.

Court of Appeals of California, Second District, Division Two.

December 23, 1954.

Attorney(s) appearing for the Case

Morris Lavine for Appellants.

John J. Irwin, O'Melveny & Myers, Pierce Works, H.P. Babson and John C. Goff for Respondents.

MOORE, P.J.

Appeal from order authorizing sale of corporate stock and directing a compromise of the estate's claim in the sum of $36,000 against California Studios, Inc., for $34,000.

At the time of his decease, September 30, 1952, Harry Sherman owned 1,550 of the outstanding 1,750 shares of the California Studios, Inc. The remaining 200 shares were owned by Attorney Babson, counsel for the executor. The corporation was indebted as follows:

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