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Supplement to the Maryland Code, Containing the Acts of the General Assembly, Passed at the Session of 1868
Volume 385, Page 89   View pdf image (33K)
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ART. 26.] CORPORATIONS.

89

Second. A true account of the capital stock of such
corporation, and a list of all the stockholders, their
residences, and the number of shares belonging to
each, the amount paid on each of said shares, and
the amount still due.

Capital stock
and list of
stockholders,
&c.

Third. A statement of all the incumbrances on
the property of the corporation, and a full list of
all its creditors and their respective residences, and

Incumbrances
and creditors.

the amount due to each. All of the said statements
shall be verified by the oath or affirmation of either
the president, treasurer, secretary, or some other
chief officer, or of some stockholder of the said cor-
poration.

Statements to
be under oath.

188. Upon the filing of said bill accompanied by the
aforesaid papers, the court shall pass an order requir-
ing all persons interested in such corporations to show
cause, if any they have, why such corporation should
not be dissolved, on or before a certain day to be

Court to pass
order to show
cause.

named in said order, which order shall be published
for such time as the court shall direct, in some news-
paper published in the county, or city of Baltimore,
as the case may be, in which such court is held; and

To be pub-
lished.

upon any answer being filed to the said bill by any
creditors or stockholders of such corporation, the court

Answer.

may authorize evidence to be taken, on application of
the complainants or defendants, in the manner usual in
courts of equity.

Evidence.

189. If the court shall upon consideration of the
bill, or of the bill, answers and proof, if any answers
have been filed or proof taken, be of opinion that the
corporation is insolvent, or that for any reason a disso-
lution of the said corporation will be beneficial to the
stockholders, and not injurious to the public interests,
a decree shall be entered dissolving the said corpora-
tion, and appointing one or more receivers of estate
and effects, and such corporation shall thereupon be
dissolved; any of the directors, trustees, managers or
other officers, or any of the stockholders of any corpo-

Decree to dis-
solve.

ration, may be appointed its receivers, or such other
person or persons as the courts may select.

Receivers.



 
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Supplement to the Maryland Code, Containing the Acts of the General Assembly, Passed at the Session of 1868
Volume 385, Page 89   View pdf image (33K)
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