Legal Opinion
Henderson Lumber Co. v. Chatham Bank & Trust Co.
Court of Appeals of Georgia
Decided December 15, 1924No. 15322PublishedCited by 9 opinions
1Opinion of the Court
■Jenkins, P. J.
1. The board of directors is the governing body of a corporation, and as such is vested with the management of its ordinary corporate affairs, such as the corporation itself is authorized to perform under the rights and powers delegated by its charter. The officers appointed by the directors are -clothed with only such powers and authority as are expressly conferred upon them by the charter or the by-laws, or as may be implied by usage and acquiescence. Garmany v. Lawton, 124 Ga. 876 (53 S. E. 669), 14 A. C. J. 81, § 1842. Where the common seal of a corporation is affixed to a…
2Cases cited9 opinions
- Garmany v. LawtonSupreme Court of Georgia · 1906
- Capital City Brick Co. v. JacksonCourt of Appeals of Georgia · 1907
- Carr v. Georgia Loan & Trust Co.Supreme Court of Georgia · 1899
- Acme Brewing Co. v. Central Railroad & Banking Co.Supreme Court of Georgia · 1902
- Dodge v. American Freehold Land Mortgage Co.Supreme Court of Georgia · 1899
4 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Ware v. RankinCourt of Appeals of Georgia · 1958
- Bresnahan v. Lighthouse Mission, Inc.Court of Appeals of Georgia · 1998
- Peoples Bank of LaGrange v. Ga. Bank &C. Co.Court of Appeals of Georgia · 1972
- Augusta Surgical Center, Inc. v. Walton & Heard Office VentureCourt of Appeals of Georgia · 1998
- D. A. D., Inc. v. Citizens & Southern BankSupreme Court of Georgia · 1971
4 more not listed; retrieve them via the Exa API.