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17 Cal. 178

Smith v. Fagan

California Supreme Court

Decided July 1, 1860

California Supreme Court · decided 1860-07-01

Complaint avers, that plaintiff and a number of other persons formed a joint stock company, known as the “ Miner’s Ditch Company,” to construct a ditch for water in certain mining localities; that the stock of the company was to be represented by shares valued at one hundred dollars each, of which plaintiff owns seventy, making him the principal stockholder; that the ditch is finished, and has been delivering water to miners for a long time; that defendants, by purchase from…

Cited by 2 later decisions — most recently April 1957

2 state decisions

Good law ✅— No negative treatment on recordhow we know

Decided 1860-07-01

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Baldwin, J. delivered the opinion of the Court

¶1Cope, J. concurring.

¶2The order granting a new trial is affirmed. The bill shows a title to relief upon the ground of the plaintiff’s interest, as a stockholder or partner in the joint stock company mentioned therein; entitling him, if the averments were proved, to a decree affirming his interest, and directing an account. The plaintiff was entitled to an account, and we can see no error in the order of the Court’ for a retrial upon the facts, even if we .are. to regard the *182statement as properly before us. If there be no statement, then there is no showing or presumption of error in the action of the Court.

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