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APSB BANCORP v. THORNTON GRANT

Docket No. B052638.

26 Cal.App.4th 926 (1994)

31 Cal. Rptr.2d 736

APSB BANCORP et al., Plaintiffs and Respondents, v. THORNTON GRANT et al., Defendants and Appellants.

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

July 11, 1994.

Attorney(s) appearing for the Case

COUNSEL

Tuttle & Taylor, Kate Schneider and Mark A. Borenstein for Defendants and Appellants.

Cummins & White, Robert W. Bollar, Robert D. Sheehan and Kent M. Bridwell for Plaintiffs and Respondents.

OPINION

HASTINGS, J.

In this appeal, we affirm the judgment of the trial court and hold that appellant is not eligible for indemnification pursuant to Corporations Code section 317, subdivision (d).1 In so holding, we determine that section 317 allows indemnification for corporate "agents" sued for carrying out activities on behalf of a corporation within the common law meaning of agency, but not where...

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