Legal Opinion

Malone v. Armor Insulating Co.

Supreme Court of Georgia

Decided November 13, 1940No. 13544Published

1Opinion of the Court

Grice, Justice.

Does the complainant set forth a state of facts entitling him to the relief prayed for, or under his prayer for general relief should the suit have been retained in order to grant him any other relief to which he was entitled, not inconsistent with *150that for which he specifically asked ? This is not an effort on the part of the minority stockholder to prevent the corporate authorities from doing an ultra vires act. The only ultra vires act complained of was the issuance of stock as dividends. This has been done. There is no allegation that the directors contemplated doing so…

2Cases cited1 opinion

  1. Lathrop v. MillerSupreme Court of Georgia · 1927

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