Allen v. Curtis
Supreme Court of Connecticut
Action on the case, brought by a stockholder of the Wood-bury Bank against the defendants, as directors thereof. The declaration alleged that on the 27th day of September, 1852, the stockholders of the Woodbury Bank appointed the defendants directors thereof, who accepted the trust and undertook to manage and conduct its business and financial affairs in a prudent and skillful manner, but that they did not so conduct the affairs of the bank, but on the contrary willfully and…
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Action on the case, brought by a stockholder of the Wood-bury Bank against the defendants, as directors thereof. The declaration alleged that on the 27th day of September, 1852, the stockholders of the Woodbury Bank appointed the defendants directors thereof, who accepted the trust and undertook to manage and conduct its business and financial affairs in a prudent and skillful manner, but that they did not so conduct the affairs of the bank, but on the contrary willfully and designedly managed the same in an unskillful, careless and reckless manner, making false entries in the books of the…
1Opinion of the CourtEllsworth, J.
The three counts of the plaintiff’s declaration are substantially the same, so that there is no occasion for making any distinction between them in our remarks upon the case.
The declaration states that on the 21st day of September, 1852, the stockholders of the Woodbury bank made choice of the defendants as directors, that the defendants accepted the office, and that it became in consequence their duty to manage the affairs of the bank with skill and integrity, which they have not done, but on the other hand have conducted *460its affairs without skill or integrity, specifying their misconduct ;…
2Cited by38 opinions
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- Ritchie v. McMullenCourt of Appeals for the Sixth Circuit · 1897
- Barrett v. Southern Connecticut Gas Co.Supreme Court of Connecticut · 1977
- Board of Commissioners v. ReynoldsIndiana Supreme Court · 1873
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