In re Baldwin Trading Corp.

In a proceeding pursuant to section 106 of the Stock Corporation Law to require surviving directors of a dissolved corporation to present and file an account, and for further relief, the appeal is from an order granting respondents’ motion to dismiss the petitions. Order reversed, without costs, motion to dismiss petitions denied, and matter remitted to the Special Term for further proceedings not inconsistent with the views herein stated. The directors of a corporation become, upon dissolution of the corporation, trustees for the purpose of liquidating the affairs of the corporation, and the…