Ritchie v. People's Telephone Co.
South Dakota Supreme Court
Appeal from Circuit Court, Pennington County. Hon. Levi McGee, Judge. Suit by R. R. Ritchie and others against the People’s Telephone Company and others to determine the rights of a minority stockholder. From a judgment partly in favor of both parties, complainants appeal.
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Appeal from Circuit Court, Pennington County. Hon. Levi McGee, Judge. Suit by R. R. Ritchie and others against the People’s Telephone Company and others to determine the rights of a minority stockholder. From a judgment partly in favor of both parties, complainants appeal. A director can hot with propriety vote in the board of directors, upon a matter affecting his own private interest, and any resolution passed at a meeting of the board of directors, at which a director, having a personal interest in the matter, voted, will be voidable at the instance of the corporation or shareholders,…
1Opinion of the CourtCorson, J.
This is an action by two minority stockholders of the defendant corporation against the corporation and the president, secretary, and board of directors of the same. Findings and judgment being partly in favor of the defendant and partly in favor of the plaintiffs, the plaintiffs have appealed from that part of the judgment denying the plaintiffs the 'full relief prayed for.
*601The complaint is very lengthy, and, as the court finds the facts substantially as alleged in the complaint, it will only be necessary to state the substance <of the prayer of the complaint, which is as follows: The…
2Cases cited15 opinions
- Miner v. Belle Isle Ice Co.Michigan Supreme Court · 1893
- Koehler v. Black River Falls Iron Co.Supreme Court of the United States · 1863
- Ward v. DavidsonSupreme Court of Missouri · 1886
- Mallory v. Mallory Wheeler Co.Supreme Court of Connecticut · 1891
- Graves v. Mono Lake Hydraulic Mining Co.California Supreme Court · 1889
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- Nordgren v. Oldham Rural Telephone Co.South Dakota Supreme Court · 1918
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