Apartment Building Co. v. Daugherty
APARTMENT BUILDING CO. (a Corporation) v. EDWIN M. DAUGHERTY, Commissioner of Corporations of the State of California
- Area
- civil
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
THE COURT.
This is an application for writ of mandamus to compel the respondent to pass upon petitioner’s *522application for approval of a plan for issuing profit-sharing securities. The attorney-general has held that such profit-sharing securities are in effect preferred stock without the right to vote. In short, that the scheme proposed is a scheme for the increasing of the capital stock of the corporation without compliance with the laws relating to such increase of stock. In this we think he is correct.
Writ denied.
Wilbur, C. J., Lawlor, J., Lennon, J., Waste, J., Sea-well, J., Kerrigan, J., and Myers, J., concurred.