Conlan v. Oudin

Citations

• 49 Wash. 240
• 94 P. 1074
• 1908 Wash. LEXIS 558

Syllabus

<p>Corporations — Dissolution—Authority of Trustees. Bal. Code, § 4274, making the trustees of a corporation upon its dissolution the trustees of the stockholders and creditors with power to settle up affairs, was intended to apply to voluntary and not to involuntary dissolutions.</p> <p>Same — Receivers—Jurisdiction to Appoint — Parties Plaintiff. The last sentence of Bal. Code, § 5790, providing that upon.the involuntary dissolution of a corporation, the prosecuting attorney shall at once institute proceedings for a receivership, is only directory, and does not preclude the institution of proceedings by any interested party.</p> <p>Same — -Showins of Necessity. ' Under Bal. Code, § 5790, a receiver may be appointed upon the involuntary dissolution of a corporation without a showing as to any necessity therefor.</p>