SMYLY v. SMITH

21071.

216 Ga. 529 (1960)

118 S.E.2d 188

SMYLY et al. v. SMITH et al.

Supreme Court of Georgia.

Decided January 5, 1961.


Attorney(s) appearing for the Case

Ross & Ross, A. Russell Ross, Bloch, Hall, Groover & Hawkins, for plaintiffs in error.

Hal M. Smith, contra.


QUILLIAN, Justice.

This is a minority stockholder's suit, brought against the individual directors of a corporation, without making the corporation either a party plaintiff or a party defendant, seeking to enjoin the directors from making certain changes in the machinery used in the corporation's cotton mills, from making certain expenditures of corporate funds, and from borrowing money on behalf of the corporation to accomplish such purposes. The suit is in two counts...

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