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BAILEY v. BUCK

No. S96A0315.

467 S.E.2d 554 (1996)

266 Ga. 405

BAILEY v. BUCK.

Supreme Court of Georgia.

March 11, 1996.

Attorney(s) appearing for the Case

Susan R. Sorrow, Nadine D. Bailey, Athens, for Bailey.

Philip C. Smith, Canton, for Buck.

CARLEY, Justice.

When the 40 Watt Club, Inc. (Corporation) was incorporated in 1987, Jared Bailey and Barrie Buck became co-directors with each owning 50% of the stock. Originally Bailey was President and Buck was Secretary-Treasurer. When the Corporation did not meet with financial success, Bailey relinquished the management of the company to Buck and began his own business venture. A dispute subsequently arose as to whether Bailey continued to hold the office of...

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