Keenan v. Eshleman

Layton, C. J.,

delivering the opinion of the Court:

This is an appeal from a decree of the Court of Chancery ordering the appellants to make restitution of certain money wrongfully obtained from Sanitary Company of America, a Delaware corporation, of which they were directors and officers.

The material facts of the case as they appear from the bill of complaint, the answer filed, the answers to interrogatories, stipulations of fact and oral testimony, are as follows:

In 1919, H. A. Stone & Co., hereafter referred to as Stone, was organized under the General Corporation Law, Rev. Code 1915, §…