 | Joseph Asbury Joyce - Actions and defenses - 1910 - 962 pages
...of expediency of contracts or action, of adequacy of consideration not grossly disproportionate, or of lawful appropriation of corporate funds to advance...powers are without limitation and free from restraint. 34 An action at law cannot be maintained by a single stockholder against the corporation directors... | |
 | James Brooks Dill - Corporation law - 1911 - 860 pages
...good faith and in the exercise of an honest judgment. Questions of policy of management, of expediency of contracts or action, of adequacy of consideration...disproportionate, of lawful appropriation of corporate funds, are left solely to the honest decision of the directors if their powers are without limitation and... | |
 | William Meade Fletcher - Corporation law - 1917 - 1212 pages
...stockholders. Questions of policy of management, expediency of contracts or action, adequacy of consideration, lawful appropriation of corporate funds to advance corporate interests, are left solely to their honest and unselfish decision, for their powers therein are without limitation and free from... | |
 | Law - 1892 - 556 pages
...the exercUe of an honest Judgment. Questions of policy of management, of expediency of contracts of action, of adequacy of consideration not grossly disproportionate,...Interests, are left solely to the honest decision of tbe directors If their powers are without limitation, and free from restraint.— EUerman v. Chicago... | |
 | Maurice Condit Cross - Business - 1928 - 360 pages
...charter. Questions of policy of management, expediency of contracts or action, adequacy of consideration, lawful appropriation of corporate funds to advance corporate interests, are left solely to their honest and unselfish decision, for their powers therein are without limitation and free from... | |
 | Law reports, digests, etc - 1894 - 1212 pages
...good faith and in the exercise of an honest judgment Questions of policy of management, of expediency of contracts or action, of adequacy of consideration...disproportionate, of lawful appropriation of corporate interests, are left solely to the honest decision of the directors, if their powers are without limitation... | |
 | William E. Nelson - Law - 2003 - 480 pages
...that "questions of policy of management, expediency of contracts or action, adequacy of consideration, lawful appropriation of corporate funds to advance...corporate interests, are left solely to the . . . honest and unselfish decision" of directors who, provided they act "in good faith and the exercise of an honest... | |
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Questions of policy of management, of expediency of contracts or action, of adequacy of consideration not grossly disproportionate, of lawful appropriation of corporate funds to advance corporate interests, are left solely to the honest decision of the... 
