In re Liquidation of Grant & Jung Furniture Co.

The opinion of the court was delivered by

Blaxchard, J.

In 1893, the Grant & Jung Furniture Cofnpany, Limited, was incorporated under the limited liability law. Acts of Louisiana, 1888, No. 36.

Its charter provided that the corporation might he dissolved at any time by the vote of three-fourths of the stock, at a meeting of stockholders held after thirty days’ written notice; and, further, that whenever it was so dissolved, its affairs should he liquidated under the supervision of two stockholders, appointed by the stockholders, with the assent of a majority in amount of the capital stock.

In…