Stedtfeld v. Eddy, 4800

CourtUnited States State Supreme Court of Idaho
Writing for the CourtGIVENS, J.
Citation264 P. 381,45 Idaho 584
Docket Number4800
Decision Date15 February 1928
PartiesFRED H. STEDTFELD, Respondent, v. CLARENCE E. EDDY, JUANITA M. EDDY and the MONTE CRISTO GOLD MINES COMPANY, a Corporation, Appellants

264 P. 381

45 Idaho 584

FRED H. STEDTFELD, Respondent,
v.

CLARENCE E. EDDY, JUANITA M. EDDY and the MONTE CRISTO GOLD MINES COMPANY, a Corporation, Appellants

No. 4800

Supreme Court of Idaho

February 15, 1928


CORPORATIONS - ACTION FOR ACCOUNTING - DEMAND - SUFFICIENCY OF COMPLAINT - APPEAL AND ERROR - ASSIGNMENT OF ERRORS IN BRIEF.

1. Complaint, in action by stockholder, suing on behalf of himself and all others similarly situated, for accounting by former officers and stockholders of corporation, failing to allege that demand had been made on majority stockholders for them to take action, held insufficient, since demand, or excuse for failure to demand relief, of stockholders was material allegation.

2. Complaint, in action by stockholder, suing on behalf of himself and all others similarly situated, for accounting by former officers and stockholders of corporation, failing to allege that demand had been made on majority stockholders for them to take action, held insufficient to sustain judgment entered in favor of corporation, even though proof showed demand on stockholders.

3. Question presented on oral argument which has not been assigned as error in briefs, as required by supreme court rule 40, or otherwise, will not be considered on appeal.

APPEAL from the District Court of the Fifth Judicial District, for Bannock County. Hon. O. R. Baum, Judge.

Action for an accounting. Judgment for respondent. Reversed and remanded.

Reversed and remanded. Costs awarded to appellant.

Wesley B. Yates and G. L. Tyler, for Appellants.

"Before a suit can be maintained by a stockholder he must not only show that the officers of the corporation have refused to act; and that the stockholders have refused to act, but he must further show that a demand has been made upon the defendant for an accounting and that this has been refused." (1 Cyc. of Pleading & Prac., p. 98; Perry v. Foster, 62 How. Pr. (N. Y.) 228.)

"Before a minority stockholder can maintain an action in his own name he must allege and prove that he has exhausted his remedy within the corporation and that he has made proper demand of the corporation that suit be instituted and that such demand has been refused, or that relief cannot be obtained through the corporation." (Arkansas River L. T. & C. Co. v. Farmers' Co., 13 Colo. 587, 22 P. 954; Bergman Clay Mfg. Co. v. Bergman, 73 Wash. 144, 131 P. 485; Checotah Hardware Co. v. Hensley, 42 Okla. 260, 141 P. 422; Elliott...

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4 practice notes
  • Bicandi v. Boise Payette Lumber Co., 6037
    • United States
    • United States State Supreme Court of Idaho
    • May 3, 1935
    ...247, 221 P. 132; Hill v. [55 Idaho 555] Porter, 38 Idaho 574, 223 P. 538; Bain v. Olsen, 39 Idaho 170, 226 P. 668; Stedtfeld v. Eddy, 45 Idaho 584, 264 P. 381; Hammond v. McMurray Brothers, 49 Idaho 207, 286 P. 603; Zach v. Pond, 50 Idaho 685, 299 P. 666; First Security Bank v. Enking, 54 I......
  • Knutsen v. Frushour, No. 9708
    • United States
    • United States State Supreme Court of Idaho
    • January 25, 1968
    ...Stevens Implement Co., 36 Idaho 348, 210 P. 1003 (1922). 8 Fortner v. Cornell, 66 Idaho 512, 163 P.2d 299 (1945); Stedtfeld v. Eddy, 45 Idaho 584, 264 P. 381 (1928); Morton v. Morton Realty Co., 41 Idaho 729, 241 P. 1014 (1925); Ryan v. Old Veteran Min. Co., 37 Idaho 625, 218 P. 381 (1923);......
  • McMillan v. Sproat, 5590
    • United States
    • United States State Supreme Court of Idaho
    • October 29, 1931
    ...Bain v. Olsen, 39 Idaho 170, 226 P. 668; Morton Realty Co. v. Big Bend Irr. & Min. Co., 37 Idaho 311, 218 P. 433; Stedtfeld v. Eddy, 45 Idaho 584, 264 P. 381.) Where there is no evil or wrongdoing in the subject matter of the contract which plaintiff seeks to enforce, he cannot be denie......
  • Judy v. Reilly Atkinson & Company, Inc., 6571
    • United States
    • United States State Supreme Court of Idaho
    • February 10, 1939
    ...d'Alenes Lead Co. v. Kingsbury, 56 Idaho 475-483, 55 P.2d 1307; Rosa v. Devingenzo, 53 Idaho 213-217, 24 P.2d 1051; Stedtfeld v. Eddy, 45 Idaho 584, 264 P. 381.) MORGAN, J. Ailshie, C. J., and Givens and Holden, JJ., concur, Budge, J., concurs in the conclusion. OPINION [87 P.2d 452] [59 Id......
4 cases
  • Bicandi v. Boise Payette Lumber Co., 6037
    • United States
    • United States State Supreme Court of Idaho
    • May 3, 1935
    ...247, 221 P. 132; Hill v. [55 Idaho 555] Porter, 38 Idaho 574, 223 P. 538; Bain v. Olsen, 39 Idaho 170, 226 P. 668; Stedtfeld v. Eddy, 45 Idaho 584, 264 P. 381; Hammond v. McMurray Brothers, 49 Idaho 207, 286 P. 603; Zach v. Pond, 50 Idaho 685, 299 P. 666; First Security Bank v. Enking, 54 I......
  • Knutsen v. Frushour, No. 9708
    • United States
    • United States State Supreme Court of Idaho
    • January 25, 1968
    ...Stevens Implement Co., 36 Idaho 348, 210 P. 1003 (1922). 8 Fortner v. Cornell, 66 Idaho 512, 163 P.2d 299 (1945); Stedtfeld v. Eddy, 45 Idaho 584, 264 P. 381 (1928); Morton v. Morton Realty Co., 41 Idaho 729, 241 P. 1014 (1925); Ryan v. Old Veteran Min. Co., 37 Idaho 625, 218 P. 381 (1923);......
  • McMillan v. Sproat, 5590
    • United States
    • United States State Supreme Court of Idaho
    • October 29, 1931
    ...132; Bain v. Olsen, 39 Idaho 170, 226 P. 668; Morton Realty Co. v. Big Bend Irr. & Min. Co., 37 Idaho 311, 218 P. 433; Stedtfeld v. Eddy, 45 Idaho 584, 264 P. 381.) Where there is no evil or wrongdoing in the subject matter of the contract which plaintiff seeks to enforce, he cannot be deni......
  • Judy v. Reilly Atkinson & Company, Inc., 6571
    • United States
    • United States State Supreme Court of Idaho
    • February 10, 1939
    ...d'Alenes Lead Co. v. Kingsbury, 56 Idaho 475-483, 55 P.2d 1307; Rosa v. Devingenzo, 53 Idaho 213-217, 24 P.2d 1051; Stedtfeld v. Eddy, 45 Idaho 584, 264 P. 381.) MORGAN, J. Ailshie, C. J., and Givens and Holden, JJ., concur, Budge, J., concurs in the conclusion. OPINION [87 P.2d 452] [59 Id......

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