Lyon-Gray Lumber Co. v. Gibraltar Life Ins.

In an action for recovery and foreclosure against the owner of premises under the mechanic’s lien statutes, plaintiff in error was denied judgment in the courts below because, pending suit, the defendant, a Texas corporation, was dissolved by the voluntary act of its stockholders. A statute effective a year and nine months after the latter event and before the trial of the case, provided that “the dissolution of a corporation shall not operate to abate, nor be construed as abating any pending suit in which such corporation is a defendant, but such suit shall continue against such corporation…