In re Browne & Jenkins Co.

Citations

• 106 La. 486

Syllabus

<p>Syllabus.</p> <p>1. The liquidator of a partnership or corporation which has been dissolved by vote of the parties in interest and gone into liquidation is without authority to continue its business as a going concern, and will be held to strict responsibility for so doing.</p> <p>2. Where several parties carry on business of a commercial partnership in the name of a limited corporation which has never had the capital required to give existence to such a corporation, its liquidator, who was one of the partners, has no grounds to complain of a judgment on final liquidation which does not extend his liability beyond that for which he would be legally liable as a partner.</p>