Maryland Reports; Cases Adjudged in the Court of Appeals of Maryland Volume 135

Maryland Reports; Cases Adjudged in the Court of Appeals of Maryland Volume 135

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1920 edition. Excerpt: ... Whitelock, with whom were Whileloclr, Demim_1/ If Kemp on the brief, for the appellants. John E. Dem-pster and Albert S. J. Ou.-ens, for the appellees. BURKE, J., delivered the opinion of the Court. The appeal in this case is from an order overruling a demurrer to the bill of complaint. The bill is a long one--covering fifty-one pages of the record. We do not find it necessary to enter upon a minute examination and analysis of all its allegations. It will be sufficient to refer to the fol Mi Opinion of the Court: lowing facts, conceded by the demurrer, which make applicable the principles which, in our judgment, should control the case. The case is one in which it is charged that two directors of a corporation wrongfully induced the plaintiffs, who were stockholders in the corporation, to transfer and deliver to them individually for their own use and benefit certain shares of common stock of the corporation. The relief sought is the return of the stock and for an accounting. A more specific reference to the relief prayed for will be presently made. The C. A. Gambrill Manufacturing Company is a Maryland corporation. For many years it had been engaged in the business of milling and the production of cereal foods. Prior to October 1916 its capital stock had consisted of three thousand shares of the par value of $100 each. The appellants, the defendants below, were oflicers and directors of the corporation--one of whom, Charles C. Macgill, being its president. They owned and controlled a majority of the stock and dominated the corporation, and are charged to be "the controlling interests" in the corporation. The appellees, the plaintiffs below. held certain shares of the common stock. R. Ruskell Macgill had one hundred shares;...
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Product details

  • Paperback | 256 pages
  • 189 x 246 x 14mm | 463g
  • United States
  • English
  • black & white illustrations
  • 1236765133
  • 9781236765130