Knowles v. Rome Tribune Co.
Supreme Court of Georgia
Complaint. Before Judge Wright. Floyd superior court. January 18, 1906. The Rome Tribune Company, a corporation engaged in the publication of a newspaper at Rome, Ga., filed a suit against William A. Knowles, setting forth in its petition the following complaint and facts leading up thereto: About September 1, 1894, the defendant was elected a director -of the companj», and was at the same time elected its general manage^. He held these offices continuously until April 1,…
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Complaint. Before Judge Wright. Floyd superior court. January 18, 1906. The Rome Tribune Company, a corporation engaged in the publication of a newspaper at Rome, Ga., filed a suit against William A. Knowles, setting forth in its petition the following complaint and facts leading up thereto: About September 1, 1894, the defendant was elected a director -of the companj», and was at the same time elected its general manage^. He held these offices continuously until April 1, 1903, with all the powers and privileges incident thereto. As a director and as the general manager of the company, he had…
1Opinion of the CourtEvans, J.
(After stating the facts.) The relation between a corporation and its director and general manager, who has full control of the business of the corporation, collecting all its moneys *92•and making all disbursements, and entrusted with each and every detail of the business of the corporation, is not technically that of trustee and cestui que trust, but that of principal and agent. 3 Clark & Mar. Priv. Corp. § 755 f. See Southern Star Co. v. Cleghorn, 59 Ga. 782. At least, such a relation would not be included among subsisting trusts, cognizable only in a court of equity, which by the Civil Code,…
2Cases cited2 opinions
- Teasley v. BradleySupreme Court of Georgia · 1900
- Southern Star Copper Lightning Rod Co. v. CleghornSupreme Court of Georgia · 1877
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- Mathews v. Fort Valley Cotton MillsSupreme Court of Georgia · 1934
- Mobley v. FairclothSupreme Court of Georgia · 1932
- Carnes v. Bank of JonesboroCourt of Appeals of Georgia · 1938
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