Addy v. Short

Southerland, C. J.:

The essential question presented is whether, after voluntary dissolution of a Delaware corporation and after the expira*159tian of the statutory three-year winding-up period, the corporation is yet sufficiently alive to retain title to that species of interest in land known as a possibility of reverter.

The facts are these:

The Bethany Beach Improvement Company (hereinafter called “the Improvement Company”) was incorporated under the laws of this State in November, 1900, to do a general real estate business. It subsequently acquired title to a tract of land in Baltimore Hundred,…