[Download] "City Investing Company Liquidating Trust" by Supreme Court of Delaware # Book PDF Kindle ePub Free
eBook details
- Title: City Investing Company Liquidating Trust
- Author : Supreme Court of Delaware
- Release Date : January 26, 1993
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 69 KB
Description
WALSH, Justice: In this appeal from the Court of Chancery, we address the question of whether a dissolved corporation, which established
a liquidating trust to administer its asserts during a post-dissolution period, is subject to a claim asserted beyond the
three-year period established under Section 278 of the General Corporation Law. The Court of Chancery determined that the
claim was not time-barred and was assertable under the terms of the agreement which established the trust. We agree with the
ruling of the Court of Chancery and, accordingly, affirm.
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