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The Maryland Code Public General Laws, 1904
Volume 393, Page 696   View pdf image (33K)
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696 CORPOBATIONS. [ART. 23

and after such notice as the by-laws of said company shall
prescribe for that purpose; and if at such general meeting a
majority in interest of all the stockholders in any corporation
having a capital stock, or a majority of the shareholders or
members in other class of corporations, shall, by their votes,
declare their wish that said corporation shall be dissolved, a
bill for its dissolution shall forthwith be filed in the name of
said corporation and on its behalf in the circuit court of Balti-
more city, if its principal office or place of business be in
said city, or in the circuit court for the county in which its
principal office or place of business may be situated.

Frank v Morrison, 58 Md. 440. Mason v. Equitable League, 77 Md. 484.

1888, art. 23, sec. 266. 1868, ch. 471, sec. 187

379. Every such bill shall contain a statement of the reasons
why the dissolution of the said corporation is prayed for and
sought; and there shall also be filed with it—

First. A full and true inventory of all the assets of such cor-
poration and of all the books, securities and vouchers relating
thereto.

Second. A true account of the capital stock of such corpora-
tion and a list of all the stockholders, their residences, and
the 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.
Ibid.

Ibid. sec. 267. 1868, ch. 471, sec. 188.

380. 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 newspaper 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 stock-
holders of such corporation, the court may authorize evidence


 

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The Maryland Code Public General Laws, 1904
Volume 393, Page 696   View pdf image (33K)
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