In re Liquidation of Grant & Jung Furniture Co.

Citations

• 51 La. Ann. 1254
• 26 So. 97
• 1899 La. LEXIS 555

Syllabus

<p>Syllabus.</p> <p>1, On the showing made, it is held that the Civil District Court could legally order the liquidation of the dissolved corporation, and, to this end, appoint liquidators, and further as incidental to the liquidation, it had authority to enter a restraining order staying proceedings against the corporation and its property.</p> <p>2. The principal and essential action on part of the court was to order the-liquidation. The particular form of words used is of no consequence. When the matter was brought into court and the judge concluded on the showing made that the liquidation ought to be ordered and acted accordingly, a proceeding at once became pending for the liquidation of the affairs of the corporation, and, in aid of these proceedings, the court could appoint liquidators and stay proceedings independently by the creditors.</p> <p>Nicnoixs, C. J., dissents.</p>