Court Opinion

ID: 9668984
Source: CourtListenerOpinion
Date Created: 2023-08-24 02:35:37.571388+00
Date Added: 2024-06-11T09:17:27.527203
License: Public Domain

*521MR. JUSTICE NORVELL,
joined by Justices SMITH and GREENHILL, concurring.
The controlling circumstance in this case is the simply established fact that all of the owners of all the capital stock of the corporation were present either in person or by proxy at the disputed stockholders’ meeting which was called to order and presided over by the respondent. Obviously, the respondent is in no position to complain of the legality of such stockholders’ meeting, nor could he question the validity of directors’ meeting which followed. He may not invoke the aid of a court of equity to preserve his control of the corporation and thus set at naught the acts of the stockholders and the board of directors selected by such stockholders. This is the essential holding of the case and upon this basis, I concur in the order of reversal.