Lange v. Reservation Mining & Smelting Co.

Citations

• 48 Wash. 167
• 93 P. 208
• 1908 Wash. LEXIS 823

Syllabus

<p>Corporations- — Contracts—Powers op Trustees — Sale op Property. Where a mining corporation was formed to “buy, sell . . . and deal in mines,” the trustees have power, against the objection of minority stockholders, to sell all its property, consisting of mines upon which had been expended over $56,000, for the sum of $50,000, since the sale does not disrupt the corporation and is not contrary to its purposes, which may be proceeded with as well after as before the sale.</p>