Bates v. Mississippi Industrial Gas Co.

On August 24, 1932, the Mississippi Industrial Gas Company, a domestic corporation, filed, in the chancery court of the county of its domicile, an ex parte petition for the dissolution of the corporation. The petition was joined in by all the stockholders, and averred that the corporation owed no debts so far as known to- it, although there were possible obligations which should be propounded. The petition complied in all respects with the provisions of section 4170, Code 1930, governing the subject of voluntary dissolutions of corporations. The chancery court on the same day entered an order…