68 Mo. App. 592 | Mo. Ct. App. | 1897
On this appeal two objections are urged against plaintiff’s title to the goods in question; first, that there was not a valid contract of sale by the Meinrath cor
Defendant’s counsel contend that the bill of sale just mentioned was void, since its execution was authorized at a meeting of directors held outside the limits of the state of Illinois, relying on a statute of that state which provides: “that the action of any meeting (by a board of directors) held beyond, the limits of this state (Illinois) shall be void” unless previously authorized or subsequently ratified by the directors at a regular meeting.
In the briefs, wé have been furnished with argument and authorities made and cited by counsel of both sides, on the question as to whether or not this restriction of the Illinois statute has any extra territorial force; in other words, whether the Missouri credi
So then, regardless of the acts of the Meinraths as officers of the corporation, and regardless of whether or not they as agents thereof went beyond the limits of their authority, it is clear the sale as made was binding on them and on the corporation whose entire stock they owned and held. And of course if the sale was at the time valid as to the Meinrath corporation it was equally so as to Hill & Company, the subsequent attaching creditors — provided of course there was such a change of possession from the Meinraths to the bank as would answer the demands of our statute on fraudulent conveyances.
In our opinion there is no merit in the appeal and •the judgment of the circuit court will be affirmed.