Opinion

Barde v. Portland News Publishing Co.

  • 145 Or. 376
  • 28 P.2d 216
  • 26 P.2d 787
  • 1933 Ore. LEXIS 22
Court
Oregon Supreme Court
Filed
Sep 13, 1933
Status
Published
Author
Kelly
On the bench
Bean, Kelly
Cited by
2 cases
Authority
More cited than 0.4%

The opinion

On Petition por Rehearing

( 28 P. (2d) 216 )

KELLY, J.

By a petition for rehearing, we are reminded that an acceptance is not required to render effective the resignation of an officer of a corporation.

In the case at bar, the record discloses that after Mr. Brockhagen tendered his resignation he executed the supplemental contract of May 25, 1931, on behalf of the Portland Telegram and on said date, he and Mr. Perry, acting as officers of the Portland Telegram, executed and affixed the seal of that corporation to

*393

the bill of sale and made oath that they were such officers. In the light of these facts, we held that between the corporation and a third party their action, as snch officers, was not invalid merely because the record also discloses that prior to the execution of said instruments Mr. Brockhagen had tendered his resignation which had not been accepted.

We do not wish to be understood as holding, in the absence of some provision, either of statute, by-law or of the resignation itself, requiring an acceptance, that, between the officers of a corporation, the acceptance by the corporation of a resignation of one of its officers is necessary in order to render such resignation effective.

Only questions argued and considered on the original hearing are presented by defendants’ motion for rehearing. To these again we have given careful consideration with the result that we adhere to our former holding.

The petition for rehearing is denied.

This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.

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