Peeples v. Southern Chemical Corp.

Duckworth, Justice.

“So long as the majority of stockholders confine themselves within the charter powers, a court of equity will require a strong case of mismanagement or fraud before it will interfere with the internal management of affairs of a corporation.” Code, § 22-710. The majority have a right to manage these affairs as they wish, so long as they keep within their charter and act in good faith. Equity will not interfere to prevent unwise or improvident acts or policies. Hand v. Dexter, 41 Ga. 454. The conditions upon which equity will interfere in behalf of a minority stockholder are…