694 CORPORATIONS. [ART. 23

under the provisions of this section, it shall be deemed to have
surrendered its corporate rights, privileges and franchises, and
may be adjudged to be dissolved after the hearing, according
to the practice of courts of equity in this State, upon a bill
filed for that purpose in the circuit court of Baltimore city or
in the circuit court No. 2 of Baltimore city, if the principal
office of the corporation is located therein, or in the circuit
court for any county, if the principal office or place of busi-
ness of said corporation be therein located, or if the certificate
of its incorporation be recorded therein; and such bill may be
filed by any stockholder, shareholder or creditor of said cor-
poration, or by the attorney-general of the State of Maryland,
or by the State's attorney of the city or county in which the
principal office of said corporation is located. But this section
shall not apply to any railroad company chartered by this
State.

Frank v. Morrison, 58 Md. 440. Davis v. Gemmell, 73 Md. 535. Mason v
Equitable League, 77 Md. 44. DuFuy v. Terminal Co., 82 Md. 436. Stem-
berger v. Savings Asso., 84 Md. 635. Barton v. Fraternal Alliance, 85 Md.
33. Clark Co. v. Colton, 91 Md. 203, 240.

1896, ch. 349. 1902, ch. 198, sec. 264 A.

377. Whenever any corporation mentioned in section 376
of this article, other than railroad companies chartered by this
State, shall have been determined or proven to be insolvent, as
in said section 376 stated, all payments, conveyances and assign-
ments of the money, property, debts or claims of said corpo-
ration, and all preferences howsoever made by it or by any of
its officers on its 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 by any
of its officers on its behalf; and whenever any such corpora-
tion shall have been adjudged to be dissolved as provided in
section 376, all of its property and assets, of every description
shall be distributed to the creditors of said corporation in the
same manner that the property and assets of an insolvent
debtor are distributed under the provisions of article 47 of the
Code of Public General Laws, but no discharge shall be granted
to the said corporation, and the, receiver of such corporation
shall have the same power and authority to maintain suits and
proceedings, to set aside preferences and void and fraudulent
transfers and payments, conveyances and assignments by said