Supreme Judicial Court of Maine February 1, 1897 (Bath Savings Institution v. Sagadahoc National Bank)

Haskell, J.

The shareholders of the defendant bank on April 11, 1894, voted voluntary liquidation, and appointed a committee with power to accomplish that result. The committee voted to pay liquidation dividend No. 1 May 1, 1894, of four dollars per share. That and various subsequent similar dividends amount to $103 a share.