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IN RE CITADEL INDUSTRIES, INC.

423 A.2d 500 (1980)

In re CITADEL INDUSTRIES, INC.

Court of Chancery of Delaware, New Castle County.

Decided November 21, 1980.

Attorney(s) appearing for the Case

Richard R. Wier, Jr., and Vernon R. Proctor, of Prickett, Jones, Elliott & Kristol, Wilmington, for petitioner General Electric Co.

Arthur G. Connolly, Jr., and Stanley C. Macel, III, of Connolly, Bove & Lodge, Wilmington, for Citadel Industries, Inc.

BROWN, Vice Chancellor.

As a result of an ex parte application made pursuant to 8 Del.C. § 278, an order was entered by this Court on December 21, 1979 purporting to continue and extend the corporate existence of Citadel Industries, Inc. so as to permit the corporation to be joined as a party defendant in complex tort litigation already pending in Texas. Thereafter, a motion was promptly filed on behalf of Citadel Industries, Inc. to vacate that...

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