BARNEY v. BUSWELL

Docket No. 22054.

236 Cal.App.2d 208 (1965)

45 Cal. Rptr. 908

NELLE BARNEY et al., Plaintiffs and Respondents, v. ANOR BUSWELL et al., Defendants and Appellants.

Court of Appeals of California, First District, Division Three.

July 30, 1965.


Attorney(s) appearing for the Case

Falk, Dunn & Buxton and Robert C. Dunn for Defendants and Appellants.

Frederick L. Hilger for Plaintiffs and Respondents.


DRAPER, P.J.

Defendants are directors of an Oregon corporation which did business in California. Plaintiffs are judgment creditors of that corporation, who seek recovery from defendants individually, on the ground that they voted for and participated in an unauthorized distribution of the corporate assets.

[1] Oregon law prohibits distribution of corporate assets to shareholders when the corporation is insolvent, or when the distribution will...

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