ART. 23] DISSOLUTION. 695

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 reference 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 dissolved, 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 insol-
vency by or against a natural person; provided, that if any
real or personal property of any such corporation shall have
been decreed to be sold by virtue of any decree of any court
of equity for the enforcement of a mortgage, deed of trust, or
deed of trust in the nature of a mortgage, or if there be a
power of sale, or a consent to a decree for a sale contained in
any mortgage, deed of trust, or deed of trust in the nature of
a. mortgage of real or personal property of such corpora-
tion, as the case may be, nothing in this section shall be taken,
deemed, or construed to distrust, defeat or impair the
right of the trustee or trustees named in such decree, mort-
gage, deed of trust, or deed of trust in the nature of a mort-
gage to make sale of the property named therein to proceed
with such sale, or to execute the power of sale contained in
such decree, mortgage, deed of trust, or deed of trust in the
nature of a mortgage, unless such right or power shall be
' waived in writing by the mortgagee or trustee; and in all such
cases, in the absence of waiver of such right by the mortgagee
or trustee, any trustee or trustees, receiver or receivers
appointed in any proceedings taken under this and the pre-
ceding sections shall only be authorized to sell the equity of
redemption in all such property covered by such decree, mort-
gage, deed of trust, or deed of trust in the nature of a mortgage,
as aforesaid.

Colton v Drovers Building Asso., 90 Md 93. Colton v. Mayer, 90 Md.
712. Clark Co. v. Colton, 91 Md. 205. Hodson v. Karr, 96 Md. 479.

1888, art. 23, sec. 265. 1868, ch. 471, sec 186.
378. Whenever the directors, trustees or managers of any
corporation, or a majority of them, shall, for any reason, deem
it beneficial for the interests of the stockholders or others inter-
ested in said corporation that the same should be dissolved,
they shall call a general meeting of the stockholders, share-
holders or members of the corporation at such time and place,