In re the Dissolution of the Titusville Oil Exchange

Citations

• 8 Pa. Super. 304
• 1898 Pa. Super. LEXIS 60

Syllabus

<p>Corporations — -Proceeding for dissolution — Discretion of court — Appeal.</p> <p>The question whether the prayer of a petition for the dissolution of a corporation may be granted without prejudice to the public welfare or the interests of the corporation is addressed largely to the sound discretion of the court having jurisdiction, and the exercise of that discretion will not be reversed by the appellate court.</p> <p>Corporations — Meetings—Aim and end of supervision by courts.</p> <p>No hard and fast rules govern the proceedings of a corporation convened to pass on the question of dissolution; the court intervenes only when necessary to secure a free and full expression and an accurate record of the will of the stockholders on the subject of the election. These aims being attained the courts will not intervene for mere informalities in the manner of holding the election.</p>