American Savings Bank & Trust Co. v. Earles

Citations

• 113 Wash. 629
• 194 P. 555
• 1921 Wash. LEXIS 542

Syllabus

<p>Corporations (156) — Representation of-Different Corporations by Same Person — Fraud—Evidence—Insufficiency. A bank' officer is not personally liable to the bank for tbe loss sustained through loans made to a corporation in which he was interested, the loans being made without complying with the bank’s by-law requiring the approval of the board of directors, when the officer did not conceal his interest in the borrowing company, all the directors knew of the loans, and the by-law in question was habitually ignored.</p>