Colish v. Brandywine Raceway Association
Superior Court of Delaware
1Opinion of the Court
Carey, J.:
A rather lengthy statement of the facts, as a jury could find them, is necessary to understand the issues of this case. The defendant corporation was organized on October 21, 1952 for the purpose of erecting and operating a race track. Its first Board of Directors consisted of four individuals who were also its officers. They were Benjamin F. Shaw II, President; Nathan Miller, Vice-President; John C. Hazzard, Secretary; and John W. Kane, Treasurer. Shaw submitted his resignation as President and Director on November 20, 1952, and it was accepted by the Board on the following…
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