Opinion ID: 1483018
Heading Depth: 1
Heading Rank: 6

Heading: Validity of the Conveyance.

Text: In this connection, appellants contend that the deed of Bruun to the Arizona company did not convey title to it because the power of attorney was insufficient to authorize a conveyance for anything but money. As stated above, however, we think the authority to otherwise dispose of all property of every kind was sufficient power to make the conveyance. Appellants also contend that the deed to Hanson as trustee was void under 2 Ida.Code, Ann., 1932, § 29-505, which declares conveyances to foreign corporation prior to filing certain required documents, to be absolutely null and void. However, any defect in this respect was removed by Idaho Laws of 1937, Ch. 66, p. 88, expressly declaring such conveyances valid, and removing the declaration that they were void. Appellants contend, however, that since Article 11, § 10 of the Idaho constitution prohibits a foreign corporation from doing any business in that state without having a known place of business and an authorized agent, the legislature could not authorize or ratify a transaction which amounts to doing business. However that may be, we think it is clear here that the mere taking of title did not constitute doing business in Idaho. War Eagle Consol. Min. Co. v. Dickie, 14 Idaho 534, 94 P. 1034. Finally, appellants contend that if the mining claims were worth only $20,000, then the stock was void because $725,000 par value was issued. While that might be a ground of complaint by creditors, appellants are in no position to complain that they got too much. Anderson v. Avey, 9 Cir., 272 F. 664, 666; Cunningham v. Holley, Mason, Marks & Co., 9 Cir., 121 F. 720.