Mayellen Apartments, Inc. v. Pacman

This proceeding was commenced on February 17, 1954, by Mayellen Apartments, Inc., a corporation, for judicial supervision of winding up its affairs and its dissolution pursuant to the provisions of sections 4607-4619 of the Corporations Code.

Mayellen Apartments, Inc., is a California corporation organized January 31,1948, for the purpose of owning and operating an apartment house with 16 apartments in Los Angeles. It is authorized to issue 16 classes of stock, each class having one share. The holder of a share of stock has the exclusive right to use and occupy one of the 16 apartments, which…