Legal Opinion

In re Liquidation of Mutual Building & Investment Co.

Ohio Court of Appeals

Decided October 30, 1933No. 13608PublishedCited by 1 opinion

1Opinion of the Court

*219OPINION

By McGILL, J.

A determination of this question depends upon whether or not it is a chancery case within the meaning of §6, Article IV of the Oh:o Constitution.

This act under which the Superintendent of Building and Loan Associations proceeded in the Common Pleas Court became effective February 23. 1933. Prior to this legis’alion, a court of equity had' no power to wind up or dissolve a corporation in the absence of statutory authority. It is said in 10 Ohio Jurisprudence, paragraph 757, page 999:

“JURISDICTION OF EQUITY TO DECREE DISSOLUTION. — It is a well-settled rule that, in the…

2Cases cited1 opinion

  1. Shearer v. the Union Mtg. Co.Ohio Court of Appeals · 1928

3Cited by1 opinion

  1. Tsang v. TsangSuperior Court of Guam · 2025

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