Brown v. Commonwealth

The opinion of the court was delivered

by Lewis, C. J.

There is some difference of opinion on the question whether the stockholders in a corporation purely of a private nature have a right to vote by proxy. Nale v. Indor, 5 Day, 329; Taylor v. Griswold, 2 Green’s N. J. Rep. 223; Angel & Ames on Corporation, 95. But it seems reasonable to hold that in a case where the shareholders are embarked in a common enterprise, and where the vote of each affects the interest of the others in the management of the concern; the election of directors shall take place under circumstances favorable to a…