Dreifus v. Colonial Bank & Trust Co.
Supreme Court of Louisiana
Appeal from Civil District Court, Parish of Orleans; John St. Paul, Judge. In the matter of the liquidation of the Colonial Bank & Trust Company. Application of Meyer S. Dreifus to have receivers appointed for such company. From an order appointing two receivers, defendant and the liquidators appeal.
1Opinion
On Rehearing.
2Per curiam
The opinion holds that the requisite majority for the voluntary dissolution of the corporation is three-fourtlis of the stock represented at the meeting of stockholders required to be called for the purpose of considering the question of dissolution. Counsel in their application for rehearing insist upon their contention that the requisite majority is three-fourths of the entire stock. The question depends upon the proper interpretation of section 687, Rev. St., and article 9 of the charter of the corporation. These read as follows:
“Sec. 687. It shall be lawful for the…
3Cases cited2 opinions
- Citizens of De Soto Parish v. WilliamsSupreme Court of Louisiana · 1897
- Beugnot v. TremouletSupreme Court of Louisiana · 1900