State ex rel. Lally v. Cadigan

Citations

• 103 Wash. 254
• 174 P. 965
• 1918 Wash. LEXIS 1090

Syllabus

<p>Insurance — Companies—-Stockholder’s Meetings — Proxy Voting —Limitations—Authority oe Trustees — Statutes. Under Rem. Code, § 6059-63, providing that the trustees of an insurance company may vote to- permit an officer of the corporation to vote proxies at the annual stockholders’ meeting, a resolution of the trustees permitting such voting, but limiting the authority to- special matters and attempting to designate the persons to be voted for as trustees, is a valid authority for proxy voting by an officer, but the attempted restrictions thereon are void as beyond the authority of the trustees, and contrary to public policy and the intent of the legislature.</p>