Duffy v. Loft, Inc.

Pennewill, C. J.,

delivering the opinion of the court:

The case before the court involves the validity of the election of directors of Loft, Incorporated, a corporation of this State, at an annual meeting of stockholders held on March 19, 1930. The determination of the question depends upon whether there was a majority of the stock of the corporation, represented in person or by proxy, at the meeting.

There are two other questions raised which are preliminary to the one mentioned, and they are,

1. Whether the meeting was legally held in view of the fact that a stockholder was elected chairman…