Morris v. . Y. and B. Corporation

The main points relied upon by the receiver are : “1. That the attempt by J. A. Yarborough to convey corporation property to himself individually, without any authority from the corporation and without the knowledge of any director of the corporation was absolutely void and passed no title whatsoever to himself individually. 2. That even if it should be held that the deed was not void, but only voidable, nevertheless under the circumstances in this case the deed of trust should be declared void upon several separate and distinct grounds.”

On the other hand, the Guardian Life Insurance Company…