In re the Dissolution of the Titusville Oil Exchange
Superior Court of Pennsylvania
Appeal, No. 33, April T., 1898, by respondents, from decree of C. P. Crawford Co., Feb. T., 1896, No. 130, dissolving tbe Titusville Oil Exchange. Petition of the Titusville Oil Exchange for permission to surrender all the powers contained in its charter and for a decree for the dissolution of the said corporation. Before Hehdersoh, P. J. This case was before the Superior Court on appeal and in the report of the former hearing (Titusville Oil Exchange’s Dissolution, 2 Pa.
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Appeal, No. 33, April T., 1898, by respondents, from decree of C. P. Crawford Co., Feb. T., 1896, No. 130, dissolving tbe Titusville Oil Exchange. Petition of the Titusville Oil Exchange for permission to surrender all the powers contained in its charter and for a decree for the dissolution of the said corporation. Before Hehdersoh, P. J. This case was before the Superior Court on appeal and in the report of the former hearing (Titusville Oil Exchange’s Dissolution, 2 Pa. Superior Ct. 508), the petition and answer are set out in full. Other facts sufficiently appear from the opinion of the…
1Opinion of the Court
Opinion by
Rice, P. J.,. This is an appeal from a decree dissolving a corporation. The petition was in due form and exhibited all the facts necessary to give the court jurisdiction under the Act of April 9, 1856, P. L. 293. But when the case was here before, we said: *312“ Members of tbe corporation have, however, a clear right to show that the facts are otherwise than as set forth in the petition, and that, from irregularity, fraud or other cause, the election, as returned, failed to exhibit the purpose of a majority of the stockholders. This right is to be exercised by becoming parties to the…
2Cases cited1 opinion
- Titusville Oil Exchange v. WitheropSuperior Court of Pennsylvania · 1896
3Cited by2 opinions
- Steinberg v. American Bantam Car Co.District Court, W.D. Pennsylvania · 1948
- Rau v. Torresdale-Frankford Country ClubSuperior Court of Pennsylvania · 1925