Elliott v. Puget Sound Wood Products Co.

Citations

• 52 Wash. 637
• 101 P. 228
• 1909 Wash. LEXIS 1169

Syllabus

<p>Corporations — Actions—On Behalf of Corporations — Stockholders — Condition Precedent — Redress in Corporation. A court of equity will not entertain a suit by stockholders to set aside a contract made by the officers of the corporation, alleged to be contrary to the interests of the corporation and made without authority, unless it is shown in the complaint that the stockholders have sought redress in the corporation, or that it would be fruitless for them to do so.</p>