Court Opinion

ID: 3998020
Source: CourtListenerOpinion
Date Created: 2016-07-06 10:55:42.7893+00
Date Added: 2024-06-11T07:44:30.363779
License: Public Domain

As I see it, the majority holding not only authorizes but compels appellant to become a purchaser of its own capital stock — something this court has uniformly held a corporation cannot be. Union Trust Co. v. Amery, 67 Wash. 1, 120 P. 539; Kom v.Cody Detective Agency, 76 Wash. 540, 136 P. 1155, 50 L.R.A. (N.S.) 1073; Duddy-Robinson Co. v. Taylor, 137 Wash. 304,242 P. 21. *Page 276