Rights of Purchasers under Sale | Midpage

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Maine Revised Statutes

5

Rights of Purchasers under Sale

5181Purchasers at sale have rights of original corporation; redemption 5182Succession to rights and obligations of original corporation 5183Original corporation continues, to close business, and for actions 5184Courts have jurisdiction of all disputes 5185Application of provisions to mortgages of corporations given to trustees, as if legally foreclosed 5186Holders of unpaid scrip and bonds may foreclose mortgages 5187Capital stock of new corporation; value of shares; no further assessment 5188Organization certificate filed with Secretary of State 5189New corporation may buy right of redemption 5190When franchise lost; action for dissolution