Court of Appeals of Georgia January 17, 1925, 15334 (Sommer v. New York Mill End Pants Co.)

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United States · · · 17-01-1925

Stephens, J.

1. Tile assets of a dissolved corporation are primarily liable for the payment of its debts, before distribution among the stockholders. Civil Code (1910), § 2245; Beck v. Henderson, 76 Ga. 360. A stockholder acquiring assets of a corporation as his share of the corporate property upon dissolution acquires no title thereto which can be asserted by .

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