In re Liquidation of Mutual Building & Investment Co.
Ohio Court of Appeals
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
- Shearer v. the Union Mtg. Co.Ohio Court of Appeals · 1928
3Cited by1 opinion
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