Burke v. Sidra Bay Co.
Wisconsin Supreme Court
Appeals from a judgment of tbe circuit court for Milwaukee county: LaweeNoe W. Halsey, Circuit Judge. Two gentlemen, by tbe name of Ewing and Mitchell, having discovered what they believed to be a deposit of infusorial -earth in Eau Claire county, from which could be obtained a product valuable in certain manufactures, secured control or ownership of certain lands, and proceeded to make explorations.
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Appeals from a judgment of tbe circuit court for Milwaukee county: LaweeNoe W. Halsey, Circuit Judge. Two gentlemen, by tbe name of Ewing and Mitchell, having discovered what they believed to be a deposit of infusorial -earth in Eau Claire county, from which could be obtained a product valuable in certain manufactures, secured control or ownership of certain lands, and proceeded to make explorations. After a little, one James Douglas was invited to join them in such enterprise, and to be permitted to do so upon equality with the other two upon payment of $500, to be expended in such…
1Opinion of the CourtDodge, J.
The trial court found that all of the moneys •claimed were advanced by Douglas for the use and benefit of the corporation with the knowledge, approval, and consent, and upon request, of all the stockholders, officers, and directors. Such consent and request of the directors is tantamount to that of the corporation, when, as appears from the evidence, they were all together in consultation as to the policy and conduct of the corporate affairs, and when a decision so reached by them has been acted on to the detriment of the actor. Formal notice or record of any such meeting is not essential.…
2Cases cited9 opinions
- Laycock v. ParkerWisconsin Supreme Court · 1899
- Shaft v. CareyWisconsin Supreme Court · 1900
- St. Clair v. RutledgeWisconsin Supreme Court · 1902
- Northwestern Fuel Co. v. LeeWisconsin Supreme Court · 1899
- Smith v. PutnamWisconsin Supreme Court · 1900
4 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- McCartney v. Clover Valley Land & Stock Co.Court of Appeals for the Eighth Circuit · 1916
- Closuit v. John Arpin Lumber Co.Wisconsin Supreme Court · 1907
- McKenzie v. HainesWisconsin Supreme Court · 1905
- Buhler v. Department of Agriculture & MarketsWisconsin Supreme Court · 1938
- In re AllenCourt of Appeals for the First Circuit · 1926
1 more not listed; retrieve them via the Exa API.