Bailey v. Cox

Citations

• 102 Cal. 333
• 36 P. 650
• 1894 Cal. LEXIS 646

Syllabus

<p>Venue of Action—Cancellation of Mortgages by Corporation to President—Residence of Principal Defendant—Stockholders as Parties Defendant.—In an action by a stockholder to set aside and cancel mortgages given by a corporation to its president upon land in the county where it has its principal place of business, and where the president resides, and for a decree fixing the indebtedness of the corporation upon the mortgage notes, the mortgagee, being the only defendant against whom any relief is sought, has the right to have the cause tried in the county of his residence, notwithstanding the fact that a considerable number of the stockholders are made defendants, and are residents of another county in which the action is brought.</p>