In Re Citadel Industries, Inc.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• finding that where the certificate of dissolution was filed with the Delaware Secretary of State on November 18, 1976, “November 17, 1979, [was] the date on which the statutory three-year winding up period provided under [Section] 278 had expired as to [the company]”
• section 278 contemplates three-year period during which officers and directors wind up corporate affairs
• section 278 “gives this Court no power to ‘continue’ a corporation for winding up purposes on an application made after the statutory three-year period has expired and thus after the corporation has ceased to exist”

Source: CourtListener parenthetical corpus (CC0).