Royal Casualty Co. v. Puller
Missouri Court of Appeals
Appeal from St. Louis City Circuit Court. — Hon. George G. Hitchcock, Judge. (1) A corporation may ratify a contract made by its corporators either (a) by its acts of accepting the benefits and tacit acquiesenee in the payment made therefor, or any act by which ratification may be implied, or (b) by direct approval by its board of directors of such payment for services rendered for the benefit of the corporation, either by formal or informal action.
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Appeal from St. Louis City Circuit Court. — Hon. George G. Hitchcock, Judge. (1) A corporation may ratify a contract made by its corporators either (a) by its acts of accepting the benefits and tacit acquiesenee in the payment made therefor, or any act by which ratification may be implied, or (b) by direct approval by its board of directors of such payment for services rendered for the benefit of the corporation, either by formal or informal action. Brown Contracting Co. v. Bambrick Construction Co., 150 Mo. .App. 505; Pittman v. Lead & Zinc Co., 113 Mo. App. 513; Taussig v. Eailroad, 116 Mo.…
1Opinion of the CourtAllen, J.
/This is an action by an insurance company organized under what is now article 6 of chapter 6.1, Revised . Statutes 1909, to recover from defendant the sum of $7280.24, being monies alleged to have been wrongfully received and retained by defendant as salary while a member and chairman of an organization committee, for attorney’s fees, and as commission on stock subscriptions, prior to compliance by the corporators of plaintiff company with the provisions of sections 7002 and 7003, Revised Statutes 1909, and the obtaining of a license to do business as an insurance company. The trial below,…
2Cases cited4 opinions
- Queen City Furniture & Carpet Co. v. CrawfordSupreme Court of Missouri · 1895
- Van Noy v. Central Union Fire InsuranceMissouri Court of Appeals · 1913
- Richard Brown & Son Contracting Co. v. Bambrick Bros. Construction Co.Missouri Court of Appeals · 1910
- Taylor v. St. Louis National Life InsuranceSupreme Court of Missouri · 1915
3Cited by4 opinions
- United German Silver Co. v. BronsonSupreme Court of Connecticut · 1917
- St. Clair v. United StatesCourt of Appeals for the Ninth Circuit · 1927
- Burns v. Western Protective InsuranceMissouri Court of Appeals · 1928
- Van Zandt v. St. Louis Wholesale Grocer Co.Missouri Court of Appeals · 1916