IN THE MATTER OF DISSOLUTION OF COLLINS-DOAN CO.


1 N.J. Super. 441 (1948)

61 A.2d 913

IN THE MATTER OF THE DISSOLUTION OF COLLINS-DOAN COMPANY.

Superior Court of New Jersey, Chancery Division.

Decided November 15, 1948.


Attorney(s) appearing for the Case

Messrs. Morrison, Lloyd & Griggs, solicitors for petitioners.

Messrs. Insley & Decker, solicitors for respondents.


GRIMSHAW, J.S.C.

The petitioners seek a dissolution of Collins-Doan Company under the provisions of R.S. 14:13-15 which is as follows:

"Every corporation organized under Title 14 of the Revised Statutes may be dissolved by the decree of the Court of Chancery when it is made to appear that the corporation has an even number of directors who are equally divided respecting the management of its affairs, and that the voting shares of such corporation are...

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