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LYNCH v. JOHN M. REDFIELD FOUNDATION

Docket No. 35319.

9 Cal.App.3d 293 (1970)

88 Cal. Rptr. 86

THOMAS C. LYNCH, as Attorney General, etc., Plaintiff and Appellant, v. JOHN M. REDFIELD FOUNDATION et al., Defendants and Respondents.

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

June 30, 1970.

Attorney(s) appearing for the Case

COUNSEL

Thomas C. Lynch, Attorney General, and Carl Boronkay, Deputy Attorney General, for Plaintiff and Appellant.

Morris W. Young, Rogan & Radding and Richard R. Rogan for Defendants and Respondents.

OPINION

SCHWEITZER, Acting P.J.

Pursuant to statutory supervisory authority over nonprofit corporations (Corp. Code, § 10207), the Attorney General filed this action against defendant Foundation and its three directors, Morris W. Young, Anne F. Redfield Heaver, and John M. Redfield, Jr., alleging mismanagement by the directors in permitting cash to accumulate in a non-interest-bearing...

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