Gashwiler v. Willis
California Supreme Court
33 Cal. 11 (1867)
Relevant factsFree
At a 1865 shareholders' meeting of Rawhide Ranch Gold and Silver Mining Company, all shareholders unanimously voted to authorize the same three individuals — who happened to also be Rawhide's trustees — to sell company assets to Barney; the trustees then executed the deed. The trial court excluded the deed from evidence because it was not properly entered into or signed by Rawhide, and the plaintiffs appealed.
IssueFree
Whether a corporation's shareholders may unanimously authorize the sale of corporate property.
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