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The Maryland Code, Public General Laws, 1888
Volume 389, Page 389   View pdf image
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ART. 23.] CORPORATlONS—DISSOLUTION. 389

number of shares belonging to each, the amount paid on each of
said shares, and the amount still due.

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 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 corporation.
Frank v. Morrison, 58 Md. 440.

1868, ch. 471, sec. 188.

267. Upon the filing of said bill, accompanied by the afore-
said papers, the court shall pass an order requiring 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 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 upon any answer being
filed to the said bill, by any creditors or stockholders of such
corporation, the court may authorize evidence to be taken, on

application of the plaintiffs or defendants, in the manner usual
in courts of equity.

Ibid.

Ibid. sec. 189.

268. 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 dissolution 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 corporation,
and appointing one or more receivers of its estate and effects,
and such corporation shall thereupon be dissolved; any of the

directors, trustees, managers or other officers, or any of the stock-
holders of any corporation, may be appointed its receivers, or
such other person or persons as the courts may select.

Ibid.

Ibid. sec. 190.

269. Where receivers of the estate or effects of any corpora-
tion shall be appointed by a court, upon or before the dissolution

 

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The Maryland Code, Public General Laws, 1888
Volume 389, Page 389   View pdf image
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