Nelson v. Caddo-Texas Oil Lands Co.
Wisconsin Supreme Court
Appeal from a judgment of the circuit court for Milwaukee county: E. T. Fairchild, Circuit Judge. Plaintiff was elected a director of the defendant corporation May 16, 1919. The corporation, by appropriate action, had' fixed the salary of directors at $1,000 per year. The plaintiff served one year while the salary was so fixed. In May, 1920, the salary of directors was fixed at $10 for each week.
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Appeal from a judgment of the circuit court for Milwaukee county: E. T. Fairchild, Circuit Judge. Plaintiff was elected a director of the defendant corporation May 16, 1919. The corporation, by appropriate action, had' fixed the salary of directors at $1,000 per year. The plaintiff served one year while the salary was so fixed. In May, 1920, the salary of directors was fixed at $10 for each week. Defendant continued to serve as a director until the month of June, 1920, and attended four meetings after the salary had been fixed at $10 per meeting. He brought this action to recover his salary,…
1Opinion of the Court
The following opinion was filed January 10, 1922:
Owen, J.
The only defense interposed to the action was that the plaintiff waived his salary which had accrued up to December 31, 1919, which alleged, waiver is predicated upon the following state of facts: On the 5th day of January, 1920, there was submitted to a meeting of the board of directors held 'on that day, by the secretary of the company, a statement which showed an undivided profit of $5,036.08.. This statement did not show the accrued portions of the annual salaries of the directors and officers of the corporation. It is claimed that…
2Cases cited3 opinions
- Pabst Brewing Co. v. City of MilwaukeeWisconsin Supreme Court · 1905
- Fishback v. G. W. Van Dusen & Co.Supreme Court of Minnesota · 1885
- Robinson v. Pennsylvania Fire InsuranceSupreme Judicial Court of Maine · 1897
3Cited by13 opinions
- Hanz Trucking, Inc. v. Harris Brothers Co.Wisconsin Supreme Court · 1965
- Milas v. Labor Ass'n of Wisconsin, Inc.Wisconsin Supreme Court · 1997
- Davies v. J. D. Wilson Co.Wisconsin Supreme Court · 1957
- Rural Mutual Insurance v. PetersonWisconsin Supreme Court · 1986
- Seymour Improvement Co. v. Viking Sprinkler Co.Indiana Court of Appeals · 1928
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