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· 7/13/1911

McIlvain v. Wallace

Citations

  • 47 Pa. Super. 448
  • 1911 Pa. Super. LEXIS 177

Syllabus

<p>Corporations — Winding up — Officers—Compensation for services.</p> <p>Where all parties interested in the winding up of a corporation, agree that one of the officers of the company shall settle its affairs, such officer is entitled to compensation for his services, and three per cent on $60,000 passing through his hands, is not an unreasonable amount for services rendered. In such a case the fact that the officer may have received compensation fpr other services from other employers, is immaterial.</p>

Judges: Beaver, Head, Henderson, Orlady, Porter, Rice

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This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.