Wright v. Central California Colony Water Co.

Citations

• 67 Cal. 532
• 8 P. 70
• 1885 Cal. LEXIS 691

Syllabus

<p>Corporation—Election of Directors—Action to set aside—Who mat Maintain. —A stockholder in a corporation may maintain an action to set aside an election of directors of the corporation, although at the timo of the election no stock had stood in bis name on the books of the corporation sufficiently long to entitle him to vote.</p> <p>Id.—Jurisdiction.—The Superior Court has jurisdiction as a court of equity to inquire into the validity of such an election, and to set it aside if not made in conformity with law.</p> <p>Id.—Manner of Votinq.—Every qualified stockholder present at an election has a right to vote at one time the number of shares owned by him for the whole number of directors to he elected, or to cumulate his shares upon one candidate, or to distribute them among as many candidates as he may see fit; and the corporation has no power to adopt any other mode of election.</p>