In re the Quicksilver Mining Co.
Appellate Division of the Supreme Court of the State of New York
Appeal by Robert Gibson and another from a final order of the Supreme Court, made at the New York Special Term and entered in the office of the clerk of the county of New York on the 12th day of August, 1918, confirming the report of a referee and dissolving the corporation.
1Opinion of the Court
Laughlin, J.:
This is a proceeding for the dissolution of the Quicksilver Mining Company instituted by a majority of the directors thereof pursuant to the provisions of section 170 of the General Corporation Law (Consol. Laws, chap. 23; Laws of 1909, chap. 28). The statute provides that the majority of the directors of a corporation may present a petition to the Supreme Court praying for a final order dissolving it if they “ discover that the stock, effects, and other property thereof • are not sufficient to pay all just demands, for which it is liable, or to afford a reasonable security to…
2Cases cited3 opinions
- Farmers' Loan & Trust Co. v. New York & Northern Railway Co.New York Court of Appeals · 1896
- In Re the Voluntary Dissolution of Rateau Sales Co.New York Court of Appeals · 1911
- In re the Application for a Voluntary Dissolution of Great Northern Trading Co.Appellate Division of the Supreme Court of the State of New York · 1915
3Cited by1 opinion
- In re the Voluntary Dissolution of Radom & Neidorff, Inc.New York Court of Appeals · 1954