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POTTS v. FIRST CITY BANK

Docket No. 34424.

7 Cal.App.3d 341 (1970)

86 Cal. Rptr. 552

JOSEPH S. POTTS, as Trustee, etc., Plaintiff and Appellant, v. FIRST CITY BANK, Defendant and Respondent.

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

May 6, 1970.

Attorney(s) appearing for the Case

COUNSEL

Tiernan & Moneymaker and Richard M. Moneymaker for Plaintiff and Appellant.

Fleming, Robbins & Sanchez and Ernest E. Sanchez for Defendant and Respondent.

OPINION

KINGSLEY, J.

In April 1965, William R. Flint, Betty Louise Flint (his wife) and Margaret Parr, as incorporators, duly organized a corporation known as Gourmandises, Inc. The articles of incorporation provided for a single class of stock, in the amount of 20,000 shares with a par value of $10 per share. The two Flints subscribed for 100 shares of stock and paid the corporation...

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