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IN RE AMITAD, INC.

No. C4-86-1276.

397 N.W.2d 594 (1986)

In re the Voluntary Dissolution of AMITAD, INC., f.k.a. Space Center Minnesota, Respondent. The Voluntary Dissolution of QUINTAR, INC., f.k.a. Space Center Chicago, Respondent, v. MBC, INC., et al., Appellants.

Court of Appeals of Minnesota.

December 16, 1986.

Attorney(s) appearing for the Case

James A. Rubenstein, Steven J. Dzurak, Minneapolis, for Amitad, Inc.

Sidney L. Levin, Minneapolis, for Quintar, Inc.

Timothy A. Sullivan, St. Paul, for MBC, Inc.

Heard, considered and decided by NIERENGARTEN, P.J., and PARKER and CRIPPEN, JJ.

OPINION

CRIPPEN, Judge.

This appeal questions the remedies available to a judgment creditor where the debtor corporation files for involuntary dissolution and obtains an injunction staying execution of the judgment. We reverse and remand.

FACTS

MBC, Inc., CORM, Robert A. Mortimer, and Charles Mortimer (MBC) were in the public warehousing business in Illinois. They sold certain warehousing assets to Amitad, Inc. (formerly known as Space...

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