L. A. No. 21794
38 Cal. 2d 802; 243 P.2d 1; 1952
A statutory requirement that a stockholder post security for expenses in a derivative suit filed after the statute's effective date was prospective and procedural, even though the alleged corporate wrongs occurred before the statute's enactment.
Carter, Jesse W., "Hogan v. Ingold [DISSENT]" (1952). Jesse Carter Opinions. Paper 413.