¶1Corporations (§ 308*) — Compensation of Officers — Legality of Action of Directors.
¶2Under the laws of California, a resolution of the board of directors of a corporation fixing the salary of its president is void where the presence of such president as a director was necessary to constitute a quorum at the meeting.
¶3[Ed. Note. — For other eases, see Corporations, Cent. Dig. §§ 1334-1349; Dec. Dig. § 308.*]
¶4Appeal from the District Court of the United States for the District of New Jersey; John Rellstab, Judge.
¶5In the matter of the McCarthy Portable Elevator Company, bankrupt. From an order of the District Court, Fred. C. Keeney appeals.
¶6Affirmed.
¶7For opinion below, see 196 Fed. 247.
¶8McDermott & Enright, of Jersey City, N. J., for appellant.
¶9George H. Gilman, of New York City, for appellee.
¶10Before GRAY, BUFFINGTON, and McPHERSON, Circuit Judges.
¶13We approve the order appealed from, without committing ourselves to all the reasons given by the learned judge to support it. It is enough to say, we think, that Keeney, who was the assignee of McCarthy’s claim for services as an officer of the .company, could only recover on McCarthy’s right, and that this right did not have the proper legal support. McCarthy certainly would have had no standing under the void resolution of September 28, 1905; and, if we assume (without deciding) that he might have had some standing upon a quantum meruit, the testimony concerning the value of his services is not satisfactory. Upon this point the referee and the district judge disagreed, and we incline to take the judge’s view.
¶14The value of the services being thus uncertain, it follows that the order appealed from should be, and it hereby is, affirmed.