gno.law

Smith v. Maine Boys Tunnel Co.

California Supreme Court · · 1861-07-01 · Published · 18 Cal. 111

SMITH v. MAINE BOYS TUNNEL CO

Area
civil
Panel
Cope (author)

Analysis

No analysis yet. When one exists it is a model's reading of this opinion — the rulings it reviewed, whether it agrees with the court, and the authorities it checked — shown beside the court's own disposition, never in place of it. How analyses are made.

Opinion — Cope

Cope, J. delivered the opinion of the Court Field, C. J. concurring.

The plaintiff has mistaken his remedy. If his stock has been improperly sold, he m'ay maintain an action for its recovery, but he cannot sue the corporation for a specific interest in the corporate property. It appears that he was one of the original corporators, and that the property in question has been held as corporate property from the time the corporation was formed. Under these circumstances he should not, we think, be permitted to question the title of the corporation, particularly as the property is a mining claim and could only be held by occupation and possession.

This view is decisive of the case, and the judgment is affirmed.

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