MASSA v. COLUMBUS CREDIT UNION

Eq. No. 2841.

168 A.2d 148 (1961)

Anibal MASSA v. COLUMBUS CREDIT UNION et al.

Supreme Court of Rhode Island.

February 28, 1961.


Attorney(s) appearing for the Case

Norman H. Mann, Joseph L. Breen, for complainant.

Joseph D. Accardi, James E. Murphy, for respondents.


PAOLINO, J.

This bill in equity was brought by a shareholder of the respondent credit union on behalf of himself and other shareholders thereof against said corporation and certain of its officers and directors. The bill seeks to set aside the purchase of certain real estate by the respondent corporation on the grounds that its action was ultra vires and the acts of its officers in carrying out said transaction were illegal and beyond their authority. The bill also...

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