¶1 I concur in the result. Before a director or other officer of the investment company or corporation may be held liable for a wrongful or an unlawful act of the company or corporation, I think it must be alleged and proved that he with knowledge, either actual or presumptive, directly or indirectly participated therein. I think the liability of Cottrell, a mere agent of the company or corporation, should not be measured by any broader rule. A more extended holding, I think, renders the act of doubtful validity.
78 Utah 39
300 P 1040
Buttrey v. Guaranteed Securities Co.
Decided July 9, 1931
Utah Supreme Court · decided 1931-07-09
Good law ✅— No negative treatment on recordhow we know
Decided 1931-07-09
How this case has been cited
Cited by 8 later decisions — most recently March 2025
7 state decisions
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