The Cadiz sentinel. [volume] (Cadiz, Ohio) 184?-1851, 1850-06-12

Speaker OF the House OF Representatives..
s CHARLES c., CONVERS.
rtm. Speaker of the Senaie.
March 23d, 1850. a 4r.
AN ACT .....t s
In relation to judicial proceedingsin favor of and
against dissolved corporations.
SEC. l. Be ii enacted BY The Genar0l As
sembly Of the State Of Ohio, That any bank
ing or other corporation may nj any time nf-
r'ils dissolution, whether such dissolution
occur by the expiration of IT'S charter or 9TH
erwise, prosecute any suit at law rim equity
in and by the corporate name Of such dis
solved corporation for the use of the party
entitled to receive the proceeds Of any such
suit, upon any and all causes of action ac-
crued or which but for.such dissolution would
have accrued in favor of such COT poration, in
the same manner and with the like effect as
| if such corporation were not dissolved f-
SEC. 2. Any such dissolved corporation
may be sued at law or in equity in and by its
corporate name, foror upon any cause of &C.,
I lion accrued, or which but for such dissolu-
lion would have accrued against such corpo-
tation, in the same manner and withlhe like
4 effect MS If such corporation were not dis
solved, and all process by which any suit
either at law or IN equity may be instituted
against any such dissolved corporation, may
be served by the sheriff or other proper off.
Ger, by delivering 10 any one ofthe assignees,
trustees, receivers or persons having charge
of the assets OF such dissolved corporation, a
copy thereof, or by leaving such copy at the
residence of any such assignee, trustee, re-
cever or person having charge Of such assets
Sec. 8. Judgments and decreos in favor
of or against any such dissolved corporation
whether such judgment and DEGREES were
rendered before or after such dissolution, and
which have heretofore, or may at any time
thereafter become dormant, may be revived in
favor of or aga nst such dissolved corpora
/ tion, os the casa may be, in and by the cor.
porale name Of such dissolved corporation
in the SINE manner and with the like eff
eet as il such corporation were not dissolved
and in all cases ofsuch judgments or DEGREES
against any such corporation, the writ Of scire
iacias or other proper process shall be served
in the manner prescribed in the second sec,
ton Of this &c; for The service of process il
suits against dissolved corporations.
SEC 4. Wrts Of error upon judgments
law may be sued out, and bills of review il
choncery may be exhibited in favor Of or q
eanst any such dissolved corporation, and b.
its corporate name, in the same manner ant
: with the like effect as if such corporation
were no, dissolved, and process thereon a
gainst any such dissolved corporation sEalfb
served in the manner prescribed in the sec
n ond section of this act. @ .aaeaTa.o9
a SEC. 5. That the provisions of the four
teenh section of the act instiuring proceed
/. ings against corporations not possessing bank
, ing powers, and to provide Tor the regulation
Of corporations generally, passed March 2
1912, in relation 10 the appointment Of trus
> tees Of a dissolved corporation, and ITS el
+ feels shall be taken and construed as extend
, ing only TO those cases of dissolved corpora
/, lions wherein no trustee or trustees, assigne
or assignees thereof have been appointed b
:, The stockholders, directors or manager
= thereof and shall not extend to cases of dis
4 solved corporations in which the corporato
: :, before its dissolution, or the stockholderi
| directors or managers thereof have appointed
OF may hereafter appoint a trustee or trui
tees, assignee or Ossignees thereof.
= SEC. g.. Nothing in this act containe
shall at any time be construed as extendin
or reviving the charter of any banking {
= other corporation, dissolved either by effiu,
: ion OF time or otherwise for any other puI
pose :han that Of judicial proceedings in IA
h vor of or against the same. a.-,.aae
SEC. 7. The fourth and fifth sections
!; the aci TO amend the act entitled an act
: institute proceedings against corporation
= moi possessing banking powers, and The vi
!. toraI powers Of courts, and regulating corp
ralons generally, passed February 81, 1874
alc hereby repealed, ~, t.a,.
. BENZ AMIN F. LETTER,
= Speaker ofihe House Of Representatives.
= :. CHARLES C. CONVERS,
!. Speaker Of the Senate.
= March 81, 1850, e.. ~
nv Hun 13l H tt AM 6yE '"a'- %. .-f