Knabe v. Johnson

The National Building Association of Baltimore City, a body corporate under the Laws of Maryland, was by a decree of the Circuit Court of Baltimore City, duly dissolved, and the appellant, Ernest J. Knabe, Jr., was duly appointed receiver to wind up the affairs of said corporation under the direction of said Court.

It appears from the record that about three years prior to the decree of dissolution, there being then some dissatisfaction with the management of the Association, it was determined at a meeting of the stockholders that each stockholder might elect to receive the book value of his…