Bastin v. Givens

Opinion of the Court by

Judge Clarke.

Affirming.

In 1903, Jackson Givens, J. W. Bastin and some others, joined in the incorporation of the New Laurel Coal Company under the laws of Kentucky with a capital stock of $25,000.00 divided into 250 shares. From January 1, 1904, until the institution Of this action the appellant, J. W. Bastin, was a director, secretary and general manager of the corporation, managing and directing its affairs almost without supervision or interference upon the part of the directors. As it appears from the record, during the ten years of this company’s existence the…