Massachusetts Supreme Judicial Court September 10, 1886 (Traders & Mechanics' Insurance v. Brown)

Gardner, J.

In January, 1882, the plaintiff company voted to discontinue its stock department, and to redeem and cancel its guaranty capital stock; and has now, under the Pub. Sts. c. 119, § 94, applied to this court to determine upon what “ just and equitable terms and conditions,” and in what manner, this may be accomplished.

At the time of the passage of the St. of 1854, e.