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BODDY v. THEILING

48079.

129 Ga. App. 273 (1973)

199 S.E.2d 379

BODDY v. THEILING et al.

Court of Appeals of Georgia.

Decided June 21, 1973.

Attorney(s) appearing for the Case

Slutzky & Wolfe, Stanley K. Wolfe, for appellant.

Fine & Block, Sturgis G. Bates, III, for appellees.

CLARK, Judge.

Does the Georgia Securities Act subject a corporation director to legal liability for sale of unlicensed stock when he takes no part in the business affairs and does not attend any meetings? Is it incumbent upon company directors who have a statutory duty to exercise the care of "ordinarily prudent men" to make inquiry concerning compliance by the company with the Georgia Securities Act? What is the meaning of the words "participated or aided" as used...

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