Strickland v. Jolly
Supreme Court of Georgia
Equitable petition. "Before Judge Eite. Bartow superior court. July 12, 1910. The defendant in error filed a petition alleging: that he owns one fifth of the capital stock of- the Cartersville Grocery Company, and the defendants, E. Strickland Sr., E. Strickland Jr., and A. Strickland, own the other four fifths; that, owing to the existence of friction between himself and E. Strickland Sr., it became impossible for the business of the corporation to be conducted to its best…
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Equitable petition. "Before Judge Eite. Bartow superior court. July 12, 1910. The defendant in error filed a petition alleging: that he owns one fifth of the capital stock of- the Cartersville Grocery Company, and the defendants, E. Strickland Sr., E. Strickland Jr., and A. Strickland, own the other four fifths; that, owing to the existence of friction between himself and E. Strickland Sr., it became impossible for the business of the corporation to be conducted to its best interests, and petitioner consented to sever his connection with the company by a sale of his entire interest to E.…
1Opinion of the CourtBeck, J.
(After stating the facts.)
1. The court below did not err in refusing to sustain a general demurrer to the plaintiff’s petition. While the directors of the corporation, at the time of acting upon the proposition of selling and closing out the business in which they were engaged at a time when it appeared that the differences and internal troubles of the corporation were such as to render the further carrying on of the business unprofitable, were not assembled in a regular meeting or in a special meeting formally called, still all the directors and the stockholders were conferring together, and…
2Cited by1 opinion
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