Kratky Ex Rel. Witthans v. Andrews

Peterson, Justice.

This is an action to determine adverse claims to real estate.

The questions for decision are: (1) Whether a foreign corporation organized for the purpose of buying, selling, and dealing in real estate and interests therein has the power to acquire a vendee’s interest under a contract for deed, where prior to such attempted acquisition the corporation’s charter has become “void” and its powers “inoperative” under the laws of the state of its incorporation as a consequence of nonpayment of taxes, but under such law the corporation was continued during a three-year extended…