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Corporations Keyed to Hazen
Ross Transport, Inc. v. Crothers
Citation:
45 A.2d 267 (1946)Facts
This is a suit by a stockholder of a Maryland corporation, acting on his own behalf as well as for other stockholders who might join and be made parties, brought after demand had been made on the corporation to institute such a proceeding, which demand was neglected and refused. The original plaintiff was Charles T. Crothers, and he was subsequently joined by another stockholder, his brother Edmund W. Crothers, who was made an additional party plaintiff by order of court. The defendants are the corporations. On August 7th, the directors authorized salary payments dating back to February 1, 1942, $3915 to Williams. Appellees maintain that the stock sales of August 26th were void.
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