8-602. APPOINTMENT UPON DISSOLUTION OF CORPORATION. Upon the dissolution of any corporation the district court of the county in which the corporation carries on its business or has its principal place of business, on application of any creditor of the corporation, or of any member or stockholder thereof, may appoint one (1) or more persons to be receivers or trustees of the corporation, to take charge of the estate and effects thereof, and to collect the debts and property due and belonging to the corporation, and to pay the outstanding debts thereof, and to divide the moneys and other property that shall remain over, among the stockholders or members.
History:
[(8-602) C.C.P. 1881, sec. 342; R.S., R.C., & C.L., sec. 4330; C.S., sec. 6818; I.C.A., sec. 6-602.]
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