 | International Correspondence Schools - Banks and banking - 1903 - 646 pages
...even though they may be so gross as to appear absurd and ridiculous, provided they be honest, and be fairly within the scope of the powers and discretion confided to the managing body." In case of gross breach of trust, misappropriation of the society's funds, or conspiracy to defraud,... | |
 | Richard Selden Harvey - Corporation law - 1906 - 602 pages
...judgment, even though they may be so gross as to appear to us absurd and ridiculous, provided they are honest and provided they are fairly within the scope...powers and discretion confided to the managing body." (Citing, The Charitable Corporation vs. Sutton, supra PThe Great Luxembourg Ry. Co. vs. Magna, supra... | |
 | Edward Henry Warren - Corporation law - 1909 - 736 pages
...judgment, even though they may be so gross as to appear to us absurd and ridiculous, provided they were honest, and provided they are fairly within the scope...powers and discretion confided to the managing body." As I understand this language, I cannot assent to it as properly defining to any extent the nature... | |
 | William Draper Lewis - Judges - 1909 - 650 pages
...34 12 57 Pennsylvania Reports, 91. 18 57 Pennsylvania Reports, 161. 14 71 Pennsylvania Reports, n. within the scope of the powers and discretion confided to the managing body." The case of Commonwealth vs. Pittsburg & Con' nellsville Railroad Co.,15 was a quo warranto to forfeit... | |
 | George Folger Canfield - Corporation law - 1913 - 1026 pages
...judgment, even though they may be so gross as to appear to us absurd and ridiculous, provided they are honest and provided they are fairly within the scope...powers and discretion confided to the "managing body." Per Sharswood, J., in Spering's Appeal (1872) 71 Pa. St7 iT'TO Am. Rep. 684. "It is to be remembered... | |
 | William Mark McKinney, Burdett Alberto Rich - Law - 1914 - 1318 pages
...officers or codirectors, yet they are not liable for mistakes of judgment, provided they are honest, and are fairly within the scope of the powers and discretion confided to the managing body.20 13. Wohlford v. Citizens' Building, 17. Peabody Building & Loan Ass'n Loan & Savings Ass'n,... | |
 | Electronic journals - 1915 - 544 pages
...judgment, even though they may be so gross as to appear to us absurd and ridiculous, provided they are honest and provided they are fairly within the scope...powers and discretion confided to the managing body." This statement of the rule met with a direct response in the case of Hun v. Gary.8 Referring to the... | |
 | William Meade Fletcher - Corporation law - 1918 - 1364 pages
...judgment, even though they may be so gross as to appear to us absurd and ridiculous, provided they were honest and provided they are fairly within the scope...the powers and discretion confided to the managing body."88 But in New York the Court of Appeals refused to assent to such rule, and held that a director... | |
 | Tevis Paul Martin - Directors of corporations - 1923 - 136 pages
...judgement even tho they may be so gross as to appear to us absurd and ridiculous, provided they are honest, and provided they are fairly within the scope...powers and discretion confided to the managing body." 24. Godbold v. Branch Bank (1647) 11 Ala. 191; 46 AD 211 25. Smith v. FrattTille Mgf. Co. (1857) 29... | |
 | George Folger Canfield, Isaac Maurice Wormser - Corporation law - 1925 - 960 pages
...judgment, even though they may be so gross as to appear to us absurd and ridiculous, provided they are honest and provided they are fairly within the scope...powers and discretion confided to the managing body." Per Sharswood, J., in Spering's Appeal (1872) 71 Pa. St. 11, 10 Am. Rep. 684. "It is to be remembered... | |
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... are not liable for mistakes of judgment, even though they may be so gross as to appear to us absurd and ridiculous, provided they are honest and provided they are fairly within the scope of the powers and discretion confided to the managing body. 
