The American and English Corporation Cases; A Collection of All Cases Affecting Corporations of Every Kind, Other Than Municipal and Railroad, Decided by the Courts of Appellate Jurisdiction in the United States, England, and Volume 13 (Paperback)

This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1901 edition. Excerpt: ...never qualified or gave bond thereunder; and that he acquired no additional power by virtue thereof, independent of that which came from his appointment as receiver. The court below dismissed the petition of appellant, and adjudged the fund to the McDonald Brick Company's assignee, and from this judgment this appeal is taken. The appeal raises the question whether the receiver of an C Cas Zacher v. Fidelity Trust & Safety-Vault Co insolvent Connecticut corporation can maintain an action in the courts of Kentucky to recover money which resident creditors of the incorporation have attached. Fm1nmmm_ The statute of Connecticut (Gen. St. 1888) under $, ';', '; ', ?;, ';, which appellant was appointed reads as follows: grEy: 'E)ci: t.' fld1e, olP--Sec. 1942. The superior court in the county in which any corporation, organized under the laws of this state, has its principal place of business, may, as a court of equity, on the application of any of its stockholders, wind up its affairs and dissolve it, if said court shall find that said corporation has voted to wind up its affairs, or abandon the business for which it was organized, and has thereafter neglected within a reasonable time or in the proper manner to wind up its affairs and distribute its effects among the stockholders; and for this purpose may, if it deem it necessary, appoint one or more of the receivers of said corporation, and limit a time for its creditors to present their claims to such receiver, and direct public attention thereof to be given; and all claims not presented within said time shall be barred. Said receivers shall allow all just claims against the corporation, and collect its debts, sell its...