Greene v. E.H. Rollins Sons, Incorporated

The Chancellor:

The defendant was organized in November, 1930. It is the successor to a corporation of similar name which was created under the laws of the State of Maine. Complainant was an officer and director of the Maine corporation and a creditor thereof, holding its notes in the amount of forty thousand dollars. The Maine corporation met with financial difficulties and a plan was devised for the habilitation of its affairs. This plan was effectuated through the organization of the defendant corporation under the laws of this State, which continued the business of the Maine corporation.…