Bethune v. Wells

Bethune brought his petition against Wells and six ■other individuals, alleging that they became directors •of the Chattahoochee Building and Loan Association, a corporation, and accepted the trust, and that he became a stockholder in series A, owning ten shares of the capital stock. lie set out the plan of operation of the corporation, as to monthly payments upon the stock, the disposal of its funds at monthly meetings by loans to members, etc.; and alleged that defendants, neglecting their duty as directors, did not have monthly meetings of the stockholders, nor have monthly meetings of the…