Central Shorewood Building Corp. v. Saltzstein

The adoption of a policy or an arrangement for the conduct of the affairs of a corporation as distinguished from a purely factional contest is generally manifested in the choice of directors by the stockholders qualified to vote on those matters. It then becomes the duty of duly chosen and constituted directors and officers to manage the affairs of the corporation. Sec. 180.13, Stats.; Fleischer v. Pelton Steel Co. 183 Wis. 451, 198 N. W. 444. And it would be among their duties to prevent an interruption in the carrying out of such policy by any unwarranted acts tending to usurpation or the…