Highland Securities Co. v. Superior Court

6 P.2d 116, 119 Cal. App. 107, 1931 Cal. App. LEXIS 109
CourtCalifornia Court of Appeal
DecidedDecember 9, 1931
DocketDocket No. 607.
StatusPublished
Cited by7 cases

This text of 6 P.2d 116 (Highland Securities Co. v. Superior Court) is published on Counsel Stack Legal Research, covering California Court of Appeal primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Highland Securities Co. v. Superior Court, 6 P.2d 116, 119 Cal. App. 107, 1931 Cal. App. LEXIS 109 (Cal. Ct. App. 1931).

Opinion

MARKS, J.

This is an original proceeding instituted in this court seeking to review and annul an order of the respondent court settling an account made by respondent Curry as receiver, ordering the delivery of assets in his hands to Leonard Evans, fixing the compensation of the receiver and his attorneys, and directing the deduction of the amount of these fees from the assets in the hands of the receiver. The respondent court has not appeared herein by counsel, but, as its return, has presented certified copies of the records and files in the action in which receivership proceedings were had.

In July, 1931, R. R. Carew, one of the respondents here, filed his action in the respondent court against petitioners and a number of others seeking, among other things, judgment against certain of the defendants in the sum of $5,075.83 on a promissory note, the cancellation of a certain contract between himself and certain defendants, an accounting of the affairs of several defendant corporations, and the appointment of a receiver for the petitioners here and the Southern California Company, Limited, a corporation, to preserve their assets during the pendency of the action. On July 21, 1931, the respondent judge made his ex parte order appointing respondent Curry as such receiver. *109 Curry qualified by taking the necessary oath of office and giving a bond in the sum of $25,000 for the faithful performance of his duties, as required by the order appointing him. He entered upon a discharge of his duties and took control of the assets of the three corporations. Subsequently the Southern California Company, Limited, was adjudged a bankrupt by the United States District Court in and for the Southern District of California, and upon the order of the court the receiver delivered such assets of this corporation as he had in his possession to an officer of that court.

The complaint of Carew, and the petition here, allege that the assets of the two petitioner corporations were intermingled and that the receiver had assets of both corporations under his control. There is nothing in the record to indicate which of the properties belonged to the Highland Securities Company and which to the People’s Finance and Thrift Company. The receiver denied that the Highland Securities Company owned any of the assets in his possession.

On September 18, 1931, each of the petitioners here filed separate notices of appeal from the order appointing the receiver. On September 21, 1931, the People’s Finance and Thrift Company of Northern Orange County filed its stay bond on appeal with the approval of one of the judges of the respondent court. No order appears in the record before us fixing the amount of this bond. No bond was filed by the Highland Securities Company.

In the proceeding in the court below Culbert L. Olson appeared as attorney for the Highland Securities Company and Leonard Evans as attorney for the People’s Finance and Thrift Company, except that in the demand next mentioned Welburn Mayock joined with Mr. Evans as attorney for the latter company. On September 21, 1931, the People’s Finance and Thrift Company, by its attorneys, and Highland Securities Company, Limited, by Culbert L. Olson, its attorney, served the following demand upon the receiver, and Forgy, Reinhaus & Forgy, his attorneys:

“Whereas, the court did on the 21st day of July, 1931, make its order in the above entitled action wherein you were appointed Receiver for the defendant People’s Finance & Thrift Company of Northern Orange County, and under said appointment took into your possession and are now holding *110 all assets and property of the said People’s Finance & Thrift Company of Northern Orange County; and, certain assets of Highland Securities Corp., Ltd., and,

“Whereas, an appeal has been taken from said order appointing you as such receiver, and defendant People’s 'Finance & Thrift Company of Northern Orange County has filed the necessary bond as provided in Section 943 of the Code of Civil Procedure staying the execution of your order of appointment in a sum fixed by the Court, and the execution of the order of appointment being, therefore, stayed by operation of law; and,

“Whereas, the filing of said undertaking, which has been approved by the Court, operates as a supersedeas and suspends all authority given to you under said order appointing you as Ecceiver, and withdraws from you the right to the control and possession of the property and assets now in your possession and under your control as property and assets of said People’s Finance & Thrift Company of Northern Orange County, and restores the same to the party or parties from whom the same was taken.

“Demand is hereby made upon you by said People’s Finance & Thrift Company of Northern Orange County and by Highland Securities Corporation, Ltd., that you immediately deliver over to Leonard Evans or Welburn Mayock, attorneys for said People’s Finance & Thrift Company of Northern Orange County, all property and assets of whatsoever nature taken over by you as such receiver and now in your possession, or under 3rour control.”

On September 23, 1931, the receiver filed in the respondent court his petition for advice and permission to deliver the assets in his possession to petitioners, his accounts as such receiver, and a request that the court fix his compensation and that of his- attorneys. By stipulation of counsel this report, petition and account were heard the folio-wing day and resulted in the trial court making an order in which the following parts are material: “Now, therefore said Byron V. Curry, the said receiver, is hereby ordered and directed to release and restore and deliver possession of all property and assets taken into his possession or under control as such receiver unto Leonard Evans, attorney for said The People's Finance & Thrift Company of Northern Orange County, defendant herein, and having accounted to *111 this court regarding all property received into his possession and under his control, and his account having been this day approved by the Court, and the Court having fixed as a charge against the said property and assets, compensation of said receiver at $1250.00, and for his attorneys, Forgy, Beinhaus & Forgy, $350.00; Now, therefore, said receiver is ordered and directed to release and restore and deliver possession of all property and assets taken into his possession or under his control as such receiver and as shown by his said account filed herein after deducting from the cash so held by him as such receiver the sum of $1250.00 as receiver’s compensation, and after paying the additional sum of $350.00 to Forgy, Beinhaus & Forgy, as attorney’s fees of said receiver allowed herein. And it is further ordered that the receipt of the said Leonard Evans as such attorney for the said People’s Finance & Thrift Company of Northern Orange County shall be sufficient acquittance and discharge of said receiver.”

On the same day the receiver delivered the property to Leonard Evans as attorney for the People’s Finance & Thrift Company, who gave him the following receipt: “Deceived of Byron V.

Free access — add to your briefcase to read the full text and ask questions with AI

Related

State v. Goolsby
New Mexico Court of Appeals, 2012
Pacific Indemnity Co. v. Workmen's Compensation Appeals Board
258 Cal. App. 2d 35 (California Court of Appeal, 1968)
Moon v. Superior Court
139 P.2d 84 (California Court of Appeal, 1943)
Allen v. Clark
22 F. Supp. 898 (S.D. California, 1938)
Sunset Farms, Inc. v. Superior Court
50 P.2d 106 (California Court of Appeal, 1935)
H. D. Roosen Co. v. Pacific Radio Publishing Co.
11 P.2d 873 (California Court of Appeal, 1932)

Cite This Page — Counsel Stack

Bluebook (online)
6 P.2d 116, 119 Cal. App. 107, 1931 Cal. App. LEXIS 109, Counsel Stack Legal Research, https://law.counselstack.com/opinion/highland-securities-co-v-superior-court-calctapp-1931.