ART. 23.] CORPORATIONS—RECEIVERS. 391

stockholders the monies and other property that shall remain
after the payment of the debts and necessary expenses; and the
said trustees shall be jointly and severally responsible to the
creditors and stockholders of such corporation, to the extent of
its property and effects that shall come into their hands.

1868, ch. 471, sec. 194.

273. The dissolution of a corporation by the decree of a
competent court, shall not abate any suit or proceeding in favor
of such corporation, which shall have been pending at the time of
such dissolution; but all such suits or proceedings may be
continued by the receivers, who shall have been appointed for
such corporation, or by the trustees on whom the estate and
effects of such corporation shall have devolved, in the name of
such corporation, or in the names of such receivers or trustees,
who may, in the discretion and under the direction of the court
in which the suit shall be pending, be substituted as plaintiffs,
subject to such order as the court may deem expedient in relation
to the payment or security of costs.

Prank v. Morrison, 58 Md. 440.

Ibid. sec. 195.

274. Whenever a receiver of the property or effects of a
corporation shall be appointed before the dissolution or after-
wards, new suits may be brought and earned on by any such,
receivers, either in their own names and capacities as such
receivers, or in the name of the corporation for which they shall
have been appointed; but no new suit shall be brought in the
name of a corporation after it shall have been dissolved, or after
the expiration of its charter.

Hayes v. Brotzman, 46 Md 525 Dorsey v. Morrison, 48 Md 461. Musgrave
e Morrison, 54 Md. 161. Rider v. Morrison, 54 Md. 429. Frank v. Morrison,
55 Md 299. Frank v. Morrison, 58 Md. 440

Ibid. sec. 196.

275. No suit commenced in the name of any such receiver
shall be abated by his removal or death; but the same may be
continued in the name of his successor, or of the corporation, if
its charter has not expired or been dissolved, as may be directed
by the court in which the suit shall be pending.