|
ART. 23] DISSOLUTION OF CORPORATIONS. 137
behalf which would be void or fraudulent if the same had been
made by a natural person who had become an insolvent under
article 47 of the Code of Public General Laws, shall, to the
like extent and with like remedies, be fraudulent and void when
made by such corporation or any of its officers on its behalf, and
whenever any such corporation shall have been adjudged to be
dissolved as provided in the next preceding section of this article,
all of its property and assets of every description shall be distri-
buted to the creditors of said corporation in the same manner
that the property and assets of an insolvent debtor are distribu-
ted under the provisions of article 47 of the Code of Public
General Laws, but no discharge shall be granted to the said cor-
poration, and the receiver of such corporation shall have the
same power and authority to maintain suits and proceedings, to
set aside preferences and void or fraudulent transfers and pay-
ments, conveyances and assignments by said corporation or by
any of its officers on its behalf in the same manner and to the
same extent as the permanent trustee of an insolvent debtor has,
under article 47 of the Code of Public General Laws, in refer-
ence to preferences and void or fraudulent transfers, payments,
conveyances and assignments, when made by a natural person
who has become an insolvent debtor, and the date of the filing
of the bill against such corporation, upon which it may be dis-
solved, shall be taken and treated for the purpose of determining
the validity of preferences and for all other purposes as the date
of the filing of the petition in insolvency by or against a
natural person.
1892, ch. 399.
276 A. No corporation, made taxable by any law of this State,
shall hereafter be dissolved under the decree of any court of this
State until all taxes due the State have been fully paid or adjusted
and the certificate of the Comptroller of the Treasury to this
effect filed in the proper court with the proceedings of dissolution.
Process.
1892, ch. 601.
296. Process issued by any court or justice of the peace of
this State against any corporation incorporated under its laws
may be served on any president, director, manager, ticket agent
or person selling tickets for passengers of any railroad company
|
 |