Merrill v. Cape Ann Granite Co.

The question for decision is raised by the appeal of the administrators with the will annexed of the estate of Benjamin F. Butler from a decree of the Superior Court, upon the petition of the receivers of the Cape Ann Granite Company for instructions as to the division among its stockholders of a considerable amount of money, which remains in their hands after having discharged in full all the obligations of the corporation to its creditors.

The corporation was organized in the year 1869, and its business was the quarrying and furnishing of granite for buildings *214and for other purposes. In the…