Polakoff v. Marchand College of Chiropractic

Opinion by

Me. Justice Feazer,

Defendant college is a New Jersey corporation, doing business in the City of Philadelphia, where it has all its property and transacts its entire business. Plaintiff, the holder of ten shares of its capital stock, filed in the court below a petition alleging the officers of the corporation were paying themselves salaries in excess of the sums they agreed to accept for their services, that they were using funds of the corporation for the improvement of property other than that belonging to the company, and otherwise mismanaging its affairs, and refused to permit…