Land Development Co. of Louisiana, Ltd. v. Dreyfous

Citations

• 13 Tiess. 351

Syllabus

<p>Syllabus.</p> <p>A general power of attorney or proxy granted by all stock-holaers to an agent, authorizing him to attend all meetings of the corporation and vote their stock, does not empower him to directly order the sale of ’the corporation’s property without the formality of such meeting or other corporate action — particularly when the charter invests all corporate functions in the board of directors.</p>