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MCKNIGHT v. ANCHOR POINTE BOAT-A-MINIUM ASSN., INC.

No. 86-694.

32 Ohio St. 3d 6 (1987)

McKNIGHT ET AL., APPELLEES, v. BOARD OF DIRECTORS, ANCHOR POINTE BOAT-A-MINIUM ASSOCIATION, INC. ET AL., APPELLANTS.

Supreme Court of Ohio.

Decided August 5, 1987.

Attorney(s) appearing for the Case

Doyle, Lewis & Warner, Michael E. Hyrne and John A. Borell, for appellees.

Duffey & Henning and Fred E. Henning, for appellants.

MOYER, C.J.

The principal issue in this case is whether the trial court erred in enjoining the board from entering into agreements pursuant to the authority of the Third Amendment. The first question presented by this case is whether the board of directors of Anchor Pointe, elected on March 8, 1984, was legally constituted. This necessitates a determination of the status of First Federal. If, as appellants contend, First Federal was a good faith purchaser for value...

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