California Court of Appeal December 15, 1910, Civ. No. 767. (Kiefhaber Lumber Co. v. Newport Lumber Co.)

ALLEN, P. J.

The first cause of action is based upon an assigned claim due plaintiff from the Newport Lumber Company (a corporation), the debt being contracted within three years before the commencement of the action and at a time when its codefendant, the Consolidated Lumber Company, was the owner of all of the capital stock of the Newport Lumber Company.