Meadows v. Bradshaw-Diehl Co.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• approving validity of remedy but denying it under facts of case
• directors generally free, absent bad faith or fraud, to exercise discretion free from judicial interference
• “It is a rule of general application that if there is no fraud or bad faith by the directors, that it is within their discretion whether they declare dividends or otherwise and courts have no right to interfere with such discretion.”

Source: CourtListener parenthetical corpus (CC0).