Kearneysville Creamery Co. v. American Creamery Co.

Hatcher, President:

The plaintiff obtained a judgment in the circuit court of Wood county against the defendants, for certain sums which the bill alleged were paid to the defendants for'services as directors without the assent of the stockholders. The defendants admit the payments, but deny that they were for directors’ salaries, and claim that they were distributions of earnings made under the mutual agreement and approval of all the stockholders of the plaintiff.

The capital stock of the plaintiff is $10,000.00, divided into 100 shares. The first meeting of the stockholders was held on July…