[Download] "City Investing Company Liquidating Trust" by Supreme Court of Delaware # Book PDF Kindle ePub Free

August 28, 2021

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.