Pasadena's property simply consisted of cash or its exact carbon copy of $8,798
The fresh terms and conditions "stockholder" and you may "shareholders" regarding the By-Legislation encountered the same definition as such terms and conditions had underneath the relevant Ca laws. , 145 F. Supp. 146 (S.D.Ca.1956).
Article IV, part dos (election of most panel by stockholders) and Blog post IX, area dos (restoring out of returns by the board out of administrators) of Of the-Laws and regulations out-of Household Offers and you can Loan Organization
House thought Pasadena liabilities on number of $73,618, and you may paid $8,031, with the guarantee stock. Dealing with these number given that price out-of Pasadena, the total is $81,649,. So it number of the cost is apportioned in order to dollars otherwise its similar and equilibrium thereof, $72,851, is actually apportioned to your leftover assets regarding the pursuing the styles:
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