AP Smith Manufacturing Co. v. Barlow
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AP Smith Manufacturing Co. v. Barlow, 13 N.J. 145, 98 A.2d 581 (N.J. 1953),[1] is a US corporate law case, concerning the application of directors' duties in regard to balancing the interests of different stakeholders. It held that directors may make charitable donations, so long as their personal interests do not conflict, or there is a contravention of state law.
Quick Facts AP Smith Manufacturing Co. v. Barlow, Court ...
AP Smith Manufacturing Co. v. Barlow | |
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Court | Supreme Court of New Jersey |
Citation(s) | 13 N.J. 145, 98 A.2d 581, 39 A.L.R. 2d 1179 (1953) |
Case history | |
Prior action(s) | 26 N.J. Super. 106, 97 A.2d 186 (App. Div. 1953) |
Keywords | |
Directors' duties |
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