In Re Collins-Doan Co.

This appeal is from a judgment entered on December 14, 1948, in the Chancery Division of the Superior Court, which ordered the dissolution of the Collins-Doan Company "in accordance with the provisions of R.S. 14:13-15."

The court below ordered the dissolution on its finding that the requirements of P.L. 1938, c. 303 (which is referred to asR.S. 14:13-15) had been met, in that (a) the corporation has four directors who are equally divided respecting the management of its affairs; (b) the voting shares are equally divided into two independent ownerships or interests, and one-half thereof is…