Elblum Holding Corp. v. Mintz

The opinion of the court was delivered by

Perskie, J.

Does a president of a corporation, as such, have authority to employ and authorize an attorney to institute suit at law in behalf of his corporation ?

Plaintiff is a corporation engaged in the real estate business. Its stock is owned equally by two families who are at cross-purposes with each other. An executive committee, consisting of the president, Abraham Elgart, a member of one faction, and the treasurer, Iiarry Mintz, a member of the other faction, manages the business during the intervals between meetings of the board of directors. The…