WILSON v. McCLENNY

No. 237.

136 S.E.2d 569 (1964)

262 N.C. 121

S. E. WILSON v. G. Gay McCLENNY, D. F. McDavid, Walter G. Mason and William M. McClenny.

Supreme Court of North Carolina.

June 12, 1964.


Attorney(s) appearing for the Case

Battle, Winslow, Merrell, Scott & Wiley, Rocky Mount, for plaintiff.

Bridgers, Horton & Britt, Tarboro, and Dill & Fountain, Rocky Mount, for defendants.


SHARP, Justice.

The first question presented by this appeal is whether the agreement of November 21, 1958 was void as against public policy. This preincorporation contract between the parties was intended to serve as a stockholders' agreement after incorporation. Such agreements are governed by the general principles of contract law. 13 Am. Jur., Corporations, § 127. The signatories bound themselves "to use their influence and stock votes" to secure the election...

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