Scott v. Savannah Valley Broadcasting Co.

Duckworth, Chief Justice.

Where, as here, the petitioner brought an equitable petition against the defendant corporation and certain named defendants as directors of the corporation, alleging that he is a stockholder, that the corporation was chartered “for the purpose of conduct*376ing a general radio broadcasting business and related matters,” and that certain acts of the directors in acquiring and maintaining an interest in a baseball team of the South Atlantic League were ultra vires — the petition failing to show wherein the alleged acts were without the charter powers — the petition was…