New Boston Fire Insurance v. Upton

Supreme Court of New Hampshire
New Boston Fire Insurance v. Upton, 36 A. 366 (N.H. 1893)
67 N.H. 469
Blodgett, Clark, Wallace

New Boston Fire Insurance v. Upton

Opinion of the Court

Blodgett, J.

There was no evidence tending to show that Marden had any authority except as one of several directors, who, as such, can act in behalf of the corporation only as a board. Their power is not joint and several, but joint only, and hence, in the absence of a special or general authority conferred upon a director by his associates, or unless the corporation itself has made him a general or special agent by its course of dealing in holding him out to the world as such, he cannot by his individual action bind or affect the rights of the corporation. Buttrick v. Railroad, 62 N. H. 413, 418, and authorities cited; First Nat. Bank v. Ocean Nat. Bank, 60 N. Y. 278; Abb. Tr. Ev. 32, 43, 44. The instruction to the jury was correct.

Exception overruled.

Clark and Wallace, JJ., did not sit: the others concurred.

Reference

Full Case Name
New Boston Fire Insurance Co. v. Upton & A.
Cited By
1 case
Status
Published