Underwood v. Stafford

155 S.E.2d 211 (1967)

270 N.C. 700

Lewis B. UNDERWOOD, Administrator of the Estate of Harold Dean Underwood, Deceased,

v.

O. F. STAFFORD, Jr., Pickett C. Stafford, Robert L. Lentz and Mrs. Robert L. Lentz.

No. 447.

Supreme Court of North Carolina.

June 20, 1967.

Alvin A. Thomas and Randolph & Drum, Winston-Salem, for plaintiff.

Jordan, Wright, Henson & Nichols, by William D. Caffrey, Greensboro, for defendant appellees.

BRANCH, Justice.

G.S. § 55-32 provides for the liability of directors in certain cases, and in each section where liability is imposed on directors, it is stated that the directors shall…