ART. 23] DISSOLUTION—RECEIVERS. 697

to be taken, on application of the plaintiffs or defendants, in
the manner usual in courts of equity.
Frank v Morrison, 58 Md. 440.

1888, art 23, sec 268. 1868, ch. 471, sec 189.

381. If the court shall, upon consideration of the bill, or
of the bill, answers and proof, if any answers have been filed
or proof taken, be of opinion that the corporation is insolvent,
or that for any reason a dissolution of the said corporation
will be beneficial to the stockholders, and not injurious to the
public interests, a decree shall be entered dissolving the said
corporation and appointing one or more receivers of its estate
and effects, and such corporation shall thereupon be dissolved;
any of the directors, trustees, managers or other officers, or any
of the stockholders of any corporation, may be appointed its
receivers, or such other person or persons as the courts may
select.

Frank v. Morrison, 58 Md. 440. Belair Club v. State, 74 Md. 300.

Ibid. sec. 269. 1868, ch. 471, sec. 190.

382. Where receivers of the estate or effects of any corpora-
tion shall be appointed by a court upon or before the dissolu-
tion of any corporation, they shall be vested with all the estate
and assets of every kind belonging to such corporation from
the time of their qualifying as receivers, and shall be trustees
thereof for the benefit of the creditors of such corporation and
its stockholders; and they shall proceed to wind up the affairs
of such corporation under the direction of the court by which
they shall have been appointed, and shall have all powers which
shall be necessary for that purpose.

Frank v. Morrison, 58 Md. 440. Gaither v. Stockbridge, 67 Md. 237.
Belair Club v State, 74 Md 300. Prentiss Co. v. Whitman & Barnes Co.,
88 Md. 243.

Ibid. sec. 270. 1868, ch. 471, sec. 191.

383. All sales, assignments, transfers, mortgages or other
dispositions or conveyances of any part of the assets of the
corporation made after the filing of a bill for a dissolution
thereof under the provisions of this article and all judgments
confessed by said corporation after that time shall be absolutely
void as against the receivers.

Frank v. Morrison, 58 Md. 440.

Ibid sec. 271 1868, ch. 471, sec 192.

384. No dissolution of any corporation shall relieve its
stockholders from the obligations and liabilities imposed on