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III.-continued.

f. Applicability of provisions to foreign corporations, 1426. 49. Illinois (continued). Similar provision in special statute, 1426. § 50. Illinois (continued). Provision preserving remedies against corporations and their stockholders and officers:

a. Contents, 1427.

b. Effect, generally, 1427.

§ 51. Illinois (continued).

actions, 1428.

Provision preventing the abatement of

§ 52. Indiana. Provision relating to judicial appointment of trustees: a. Contents, 1428.

b. Prerequisites to appointment, 1429.

c. Powers of appointee, 1429.

d. Trustees as parties to actions, 1429.

§ 53. Indiana (continued). Provision prolonging corporate existence: a. Contents, 1430.

b. Effect, generally, 1430.

c. Effect as regards common-law doctrine, 1430.

d. Devolution of property rights, 1430.

54. Indiana (continued). Provision of similar purport with regard to banks, 1430.

55. Iowa. Provision relating to judicial appointment of trustees, 1431.

56. Iowa (continued). Provision prolonging corporate existence: a. Contents, 1432.

b. Scope, 1432.

c. Effect, generally, 1432.

d. Liability of stockholders of defunct corporations, 1434.

57. Kansas. Provision designating directors as trustees:

a. Contents, 1434.

b. Title of trustees with respect to corporate property, 1434.

c. Duties and liabilities of trustees, 1434.

d. Trustees as parties to actions, 1434.

e. Enforceability in other states, 1435.

§ 58. Kentucky. Provision prolonging corporate existence:
a. Contents, 1435.

aa. Scope, 1435.

b. Duration of prolonged existence, 1435.

c. Procedural capacity of corporation, 1438.
d. Applicability to foreign corporations, 1438.

58a. Provision relating to disposition of corporate assets and pro

cedural capacity:

a. Contents, 1438.

59. Louisiana. General provisions with regard to dissolved corporations, 1439.

§ 60. Louisiana (continued). Provision with regard to the liquidation of corporations after forfeiture of their charters, 1439.

§ 61. Maine. Provisions relating to appointment of trustees at the instance of stockholders or creditors:

a. Provisions of general application, 1441.

b. Devolution of property rights, 1441.

c. Effect of special statutes, 1442.

62. Maine (continued). General provision prolonging corporate

existence:

a. Contents, 1443.

b. Scope, 1443.

c. Effect of expiration of prolonged period upon corporate

powers, 1444.

III.—continued.

§ 63. Maine (continued). Provisions of similar purport with regard to banks, 1444.

§ 63a. Maine (continued). Provision relating to the disposition of corporate assets, 1445.

§ 64. Massachusetts.

rations:

Provision prolonging the existence of corpo

a. Contents, 1445.

b. Scope, 1445.

c. Corporate powers during the prolonged period of existence, 1445.

d. Procedural capacity during prolonged period, 1446.

e. Effect of provision in regard to partially performed contracts, 1447.

f. Effect of expiration of prolonged period upon procedural capacity, 1447.

g. Fiduciary obligations of directors during prolonged period, 1449.

h. Individual liability of stockholders, 1449.

§ 65. Massachusetts (continued). Provision that dissolution shall not affect pending suits, 1449.

§ 66. Michigan. Provision prolonging the existence of corporations: a. Contents, 1450.

b. Scope, 1450.

c. Corporate powers and duties during prolonged period,

1450.

d. Procedural capacity during prolonged period, 1452.

e. Enforceability in other states, 1454.

§ 66a. Michigan (continued). Provision preventing the abatement

of suits:

a. Contents, 1454.

b. Effect, generally, 1454.

§ 67. Minnesota. Provision prolonging the existence of corporations: a. Contents, 1454.

b. Scope, 1454.

c. Corporate powers during prolonged period, 1454.

d. Procedural capacity during prolonged period, 1455.

e. Effect of expiration of prolonged period upon contractual powers, 1455.

68. Mississippi. Provisions prolonging the existence of corpora

tions:

a. General provision, 1456.

b. Provision relating to banks, 1456.

c. Provision relating to a particular bank, 1456.

69. Mississippi (continued). Provision relating to directors of banks as trustees:

a. Contents, 1457.

b. Constitutionality, 1457.

c. Effect, generally, 1458.

d. Effect in regard to creditors, 1458.

e. Effect in regard to stockholders, 1458.

f. Procedural functions of trustees, 1460.

§ 69a. Mississippi (continued). Provision relating to the disposition of corporate assets, 1462.

§ 70. Missouri. General provision relating to directors as trustees: a. Contents, 1462.

b. Scope, 1463.

c. Effect, generally, 1463.

d. Character of trust created by provision, 1463.

III.-continued.

e. Powers of trustees, 1463.

f. Duties of trustees, 1465.

g. Procedural capacity of corporation, 1465.

§ 71. Missouri (continued). Provision applicable to insurance companies, 1466.

§ 72. Montana. General provision relating to directors as trustees: a. Contents, 1466.

b. Effect, generally, 1466.

c. Devolution of property rights, 1466.

§ 73. Nebraska. Provision relating to directors as trustees and continued procedural capacity:

a. Contents, 1467.

b. Duties of trustees, 1468.

c. Trustees as parties to actions, 1468.

§ 74. Nebraska (continued). Provision preventing the abatement of pending actions:

a. Contents, 1469.

b. Effect, generally, 1470.

§ 75. Nevada. Provision prolonging the existence of corporations:

a. Contents, 1470.

b. Effect, generally, 1470.

§ 76. New Hampshire.

porations:

Provision prolonging the existence of cor

a. Contents, 1471.

b. Effect, generally, 1471.

77. New Jersey. Provision designating directors as trustees:

a. Contents, 1472. .

b. Scope, 1472.

c. Liability of trustees, 1472.

d. Proper parties in suits involving liability of trustees, 1473.

78. New Jersey (continued). Provision prolonging corporate exist

ence:

a. Contents, 1473.

b. Scope, 1473.

c. Corporate powers during prolonged period of existence, generally, 1474.

d. Procedural capacity of corporation, 1474.

e. Corporations as parties to actions, 1476.

§ 79. New York. Provision designating directors as trustees:

a. Contents, 1477.

b. Scope, 1477.

c. Devolution of property rights, 1478.

d. Liability of trustees in regard to corporate property, 1481.

e. Fiduciary obligations of trustee, 1485.

f. Trustees as parties to actions, 1485.

g. Distribution of assets, 1492.

880. New York (continued). Provisions prolonging procedural

capacity of corporations:

a. General provisions, 1492.

b. Provisions preserving "remedies against corporations," 1494.

c. Provisions in statutes regarding the consolidation of companies, 1495.

81. New York (continued). Provision prolonging the existence of voluntarily dissolved corporations:

a. Contents, 1496.

b. Claims enforceable against the corporation, 1496.

III. continued.

c. Corporation as a party to actions, 1497.

§ 82. North Carolina. Provision designating directors as trustees: a. Contents, 1498.

b. Powers of directors, 1498.

83. North Carolina (continued). Provision prolonging corporate

existence:

a. Contents, 1499.

b. Scope, 1500.

c. Effect, generally, 1500.

d. Enforcement of corporate claims, 1501.

e. Enforcement of corporate liabilities during prolonged period, 1501.

f. after termination of prolonged period, 1501.

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§ 84. North Carolina (continued). Provision preventing the extinction of debts and abatement of actions, 1502.

85. North Dakota. Provision designating directors as trustees: a. Contents, 1502.

b. Effect, generally, 1502.

c. Inapplicable to foreign corporations, 1503.

§ 86. Ohio. Provision designating directors as trustees:

a. Contents, 1503.

b. Corporation as a party to actions, 1503.

§ 87. Ohio (continued). Provision preventing the abatement of pend

ing actions:

a. Contents, 1504.

b. Effect, generally, 1504.

c. Corporation as party to action, 1506.

d. Inapplicability in other states, 1506.

88. Oklahoma. Provision designating directors as trustees, 1506.

§ 89. Oregon. Provision prolonging corporate existence:

a. Contents, 1506.

b. Effect, generally, 1506.

c. Procedural capacity of corporation during prolonged period, 1507.

d. Consequences of termination of prolonged period, 1507.

§ 90. Pennsylvania. Provision vesting corporate property in officers as trustees, 1509.

91. Pennsylvania (continued). Provision relating to appointment of trustee by a court:

a. Contents, 1509.

b. Powers of trustees, 1509.

c. Enforceability in other states, 1509.

§ 92. Pennsylvania (continued). Provision prolonging existence of certain classes of corporations, 1509.

a. Scope, 1510.

b. Effect, generally, 1510.

c. Corporate powers during prolonged period of existence, 1511.

d. Duties of corporate officers with regard to assets, 1511.

e. Procedural rights of creditors, 1512.

93. Pennsylvania (continued). Provisions legalizing exercise of powers by certain classes of expired corporations:

a. Contents, 1512.

b. Constitutionality, 1512.

c. Effect, generally, 1513.

d. Duties of officers with respect to distribution of assets,

1513.

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