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Pacific Scene Inc. v. Penasquitos Inc.

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eBook details

  • Title: Pacific Scene Inc. v. Penasquitos Inc.
  • Author : Supreme Court Of California
  • Release Date : January 25, 1988
  • Genre: Law,Books,Professional & Technical,
  • Pages : * pages
  • Size : 70 KB

Description

We are called upon in this case to determine whether an action under the equitable "trust fund" theory can be maintained against the former shareholders of a dissolved corporation, to the extent of their distribution of corporate assets, when a defective product manufactured by the corporation causes injury after dissolution. We conclude that the Legislature has barred such an action.


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