Gaillard v. Natomas Co.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• suggesting no double derivative action in California because Cal. Corp.Code § 800 requires contemporaneous ownership of shares in corporation on behalf of which suit was brought
• shareholder who meets contemporaneous ownership requirement for shareholder derivative action has standing to proceed with the complaint

Source: CourtListener parenthetical corpus (CC0).