 Courts of equity will not interfere in the management of the directors unless it is clearly made to appear that they are guilty of fraud or misappropriation of the corporate funds, or refuse to declare a dividend when the corporation has a surplus of...  Michigan Reports: Cases Decided in the Supreme Court of Michigan - Σελίδα 71των Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - 1891Πλήρης προβολή - Σχετικά με αυτό το βιβλίο
 | Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - 1919 - 800 σελίδες
...of the earnings of the corporation, and to determine its amount. 5 Am. & Eng. Enc. Law [1st Ed.], p. 725. Courts of equity will not interfere in the management...they are bound to exercise towards the stockholders." In 2 Cook on Corporations (7th Ed.), § 545, it is expressed as follows: "The board of directors declare... | |
 | 1891 - 1280 σελίδες
...corporation has a surplus of net profits which it can without detriment to its business divide among ita stockholders, and when a refusal to do so would amount...-they are bound to exercise towards the stockholders. MORSB and CAHTLL, JJ., dissenting. Case made from circuit court, St. Joseph county, In chancery. The... | |
 | Thomas Carl Spelling - 1892 - 736 σελίδες
...which it can without detriment to its business divide among its stockholders, and when a refusaKto do so would amount to such an abuse of discretion...of that good faith which they are bound to exercise toward the stockholders." court of equity will interfere to compel the company to declare a dividend.1... | |
 | Albert Poole Jacobs, Henry Allen Chaney - 1894 - 912 σελίδες
...Equity will not interfere in the management by the directors of a corporation unless it clearly appears that they are guilty of fraud or misappropriation...they are bound to exercise towards the stockholders : Hunter v. Roberts, 83 M. 63 74. Even though a corporation has done and is doing a prosperous business,... | |
 | Seymour Dwight Thompson - 1895 - 1136 σελίδες
...prevent manifest injustice.1 In a recent case in Michigan the doctrine is thus stated by Clmmplin, CJ : " Courts of equity will not interfere in the management...they are bound to exercise towards the stockholders." 2 Applying this doctrine, it has been held that, although a manufacturing corporation had done a prosperous... | |
 | Michigan - 1909 - 44 σελίδες
...not interfere ln the management by the directors of the affairs of a corporation unless it is cleariy made to appear that they are guilty of fraud or misappropriation...they are bound to exercise towards the stockholders. — Hunter v. Roberts, Throp & Co., 83 / 03. SEC. 5. If an election of directors in any such corporation... | |
 | Michigan - 1920 - 36 σελίδες
...stockholders, and when a refusal to do so would amount to such an abuse of discretion as would constituí« a fraud, or breach of that good faith which they are bound to exercise towards the stockholders. — Hunter v. Roberts, Throp & Co., 83 / 63. The statutory requirement that a majority of the «liares... | |
 | Michigan - 1913 - 48 σελίδες
...detriment to its business, divide among its stockholders, and when a refusal to do so would amount to sueli an abuse of discretion as would constitute a fraud,...they are bound to exercise towards the stockholders. — Hunter v. Roberts, Throp & Co., 83 / 63. SEC. 5. If an election of directors in any such corporation... | |
 | Michigan - 1915 - 48 σελίδες
...Courts of equity will not Interfere in the management by the directors of the affairs of a corporation unless it is clearly made to appear that they are...they are bound to exercise towards the stockholders. — Hunter v. Roberts, Throp & Co., 83 / 63. The statutory requirement that a majority of the shares... | |
 | Thomas Conyngton - 1917 - 822 σελίδες
...illegitimate purposes, a court of equity may interfere and compel a distribution of such earnings." 12 "Courts of equity will not interfere in the management...they are bound to exercise towards the stockholders." " Cases sometimes arise, however, where a refusal to declare dividends, even where apparently reasonable... | |
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