Kavanaugh v. Gould
Appellate Division of the Supreme Court of the State of New York
Appeal by-the defendants, George J. Go.uld„and. another? from a judgment of the Supreme Court in favor of the plaintiff, entered in the office of the clerk of the county of Saratoga on the 3d day of January, 1910, upon the decision of the court, rendered after a trial before the court without a jury at the Saratoga Trial Term, requiring the said defendants to pay to the Commonwealth Trust Company certain sums of money claimed to have been lost to said company by reason of…
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Appeal by-the defendants, George J. Go.uld„and. another? from a judgment of the Supreme Court in favor of the plaintiff, entered in the office of the clerk of the county of Saratoga on the 3d day of January, 1910, upon the decision of the court, rendered after a trial before the court without a jury at the Saratoga Trial Term, requiring the said defendants to pay to the Commonwealth Trust Company certain sums of money claimed to have been lost to said company by reason of their negligence as trustees of the Trust Company of the Republic of which the Commonwealth Trust Company was a…
1Opinion of the Court
Smith, P. J.:
In Cassidy v. Uhlmann (170 N. Y. 505) the opinion in part reads: “The board of directors of a bank has the general superintendence and active management of all its concerns, and, for all practical purposes, the board is the corporation. As a‘ general rule a board of directors must act as a board. But, since directors do not exercise a delegated authority in the sense which applies to other officers and agents, it is clear that a board of directors may delegate some of its powers to committees and -.individuals selected from the board. This is common practice in the management of…
2Cases cited9 opinions
- Briggs v. SpauldingSupreme Court of the United States · 1891
- Arthur v. . GriswoldNew York Court of Appeals · 1874
- Croft v. . WilliamsNew York Court of Appeals · 1882
- Scott v. DepeysterNew York Court of Chancery · 1832
- Cassidy v. . UhlmannNew York Court of Appeals · 1902
4 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Farmers' Loan & Trust Co. v. PiersonNew York Supreme Court · 1927
- Syracuse Television, Inc. v. Channel 9, Syracuse, Inc.New York Supreme Court · 1966
- Platt Corp. v. PlattNew York Supreme Court · 1964
- Walker v. ManNew York Supreme Court · 1931
- Holmes v. CraneAppellate Division of the Supreme Court of the State of New York · 1920
6 more not listed; retrieve them via the Exa API.