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NAKASHIMA v. MUTH

Docket No. 25562.

10 Cal.App.3d 966 (1970)

89 Cal. Rptr. 495

M. NAKASHIMA, Plaintiff and Respondent, v. A. BERNARD MUTH et al., Defendants and Appellants.

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

August 31, 1970.

Attorney(s) appearing for the Case

COUNSEL

MacDonald, Brunsell & Walters and Thomas E. Caton for Defendants and Appellants.

Elliot W. Seymour and Liebermann & Leonard for Plaintiff and Respondent.

OPINION

DAVID, J.*

Defendants appeal from plaintiff's judgment on a $60,000 promissory note. Due execution, delivery and nonpayment were admitted; but it is contended that both the note and the transaction in which it was given were void, violating Corporations Code sections 26100 and 26103 prohibiting the sale of any corporate security without the permit of the Corporations Commissioner. The trial court...

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