Opinion · Supreme Court of New Jersey
Scott v. P. Lorillard Co.
109 N.J. Eq. 417
- Type
- Opinion
- Court
- Supreme Court of New Jersey
- Jurisdiction
- New Jersey
- Date
- 1931-12-05
- Topic
- general
Per Curiam. The decree appealed from will be affirmed. The reasons for our determination are as stated in the opinion filed in the court below by Vice-Chancellor Bigelow, and reported in 108 N. J. Eg. 153; except, however, as to such part thereof as expresses an apprehension that the passage of the disputed by-law by the stockholders was beyond their jurisdiction and was an encroachment on the powers of the board of directors.
Citator
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- Cited by
- 3 opinions
The decree appealed from will be affirmed. The reasons for our determination are as stated in the opinion filed in the court below by Vice-Chancellor Bigelow, and reported in 108 N. J. Eg. 153; except, however, as to such part thereof as expresses an apprehension that the passage of the disputed by-law by the stockholders was beyond their jurisdiction and was an encroachment on the powers of the board of directors. The vice-chancellor’s observations in that respect are not essential to the conclusion reached and as to them we reserve opinion.
For affirmance — Trenchard, Parker, Lloyd, Case, Bodine, Daly, Donges, Van Buskirk, Kays, JJ. 9.
For reversal — ’Campbell, Dear, Wells, JJ. 3.