Harkrader v. Whitman

The opinion of the court was delivered by

Thiele, J.:

This was an action in the nature of quo warranto to determine who are the duly elected directors of The Wheat Belt Building and Loan Association of Pratt.

The facts necessary for an understanding of the issues are summarized from the trial court’s findings: The association was organized in 1919.- The by-laws provided for an annual stockholders’ meeting on the second Monday in January, and for a special meeting on call of forty percent of the permanent stock. The board of directors was composed of eight members, who held office for a term of…