Opinion ID: 1483018
Heading Depth: 1
Heading Rank: 10

Heading: Nature and Extent.

Text: Undoing the transaction here would be of no aid to appellants. They would hold stock in the Arizona company, which if not now dissolved, owns no interest in the mining claims. By virtue of the stock in the Arizona company, Hanson and Bean were able to acquire the stock in the Idaho company. Thus, the latter is the product of the former. In that situation, appellants are entitled to a decree that Hanson and Bean hold the stock of the Idaho company, which they now own as the product of the Arizona company stock, as trustee for appellants (Zohos v. Marefolos, 48 Idaho 291, 281 P. 1114; 65 C.J. 968, § 891; 1 Restatement of the Law Trusts, § 202), and to account for the profits realized from any sale of such stock which was the product of the Arizona stock received from appellants (Jackson v. Smith, 254 U. S. 586, 589, 41 S.Ct. 200, 65 L.Ed. 418; 3 Bogert, Trust and Trustees, page 1517, § 484; 1 Restatement of the Law, Trusts, § 205(b) ), if they can now assert their remedies.