Court Opinion

ID: 9532086
Source: CourtListenerOpinion
Date Created: 2023-08-07 04:17:58.94519+00
Date Added: 2024-06-11T13:28:40.512089
License: Public Domain

McGHEE, Justice (dissenting in part). The holding of the majority that the active President and General Business Manager of a corporation doing an annual business of $600,000.00 was not entitled to occupy an office in the plant is at least novel, when there is nothing in the corporate records denying him such right. I also disagree with the holding of the majority that Francis E. Wood was not entitled to the salary for services rendered as fixed by duly adopted corporate resolution in 1934 which had never been rescinded or amended. This suit did not involve the right of Owen B. Marrón to draw a salary as Secretary but only the claim of Francis E. Wood that he had the legal right to a salary of $100.00 per week. When the corporation took over the operation of the laundry from the partnership it is my view the duly adopted articles of incorporation, resolutions and by-laws became operative and were in full effect until modified or repealed. See Pinkham cases cited in majority opinion. Wood was entitled to the salary theretofore set by the 1934 resolution. Farmers Loan & Trust Co. v. Houstonic R. Co., 152 N.Y. 251, 46 N.E. 504; Funsten v. Funsten Commission Co., 67 Mo.App. 559, and Ehaney v. Chesebro, 192 Wis. 532, 213 N.W. 315. COMPTON, J., concurs.