Kron v. Trenton Automotive Collateral Co.

This is a bill for the winding up of the defendant corporation, filed by two of its stockholders, under the sixty-fifth section of the Corporation act, as amended by P.L. 1912 p. 535. It is not alleged that the company is insolvent or has suspended business, but that the facts show a situation coming within the scope of the additional statutory grounds provided by the 1912 amendment.

The bill contains a prayer for general relief, and, on the argument, complainants contended that a case had been made, justifying the appointment of a receiver under the general equity jurisdiction of the court.

Dea…