Schneider v. Schneider, 146 S.W.2d 584 (1941)
- Citation
- Schneider v. Schneider, 146 S.W.2d 584 (1941)
- Parent Document
- Schneider v. Schneider, 146 S.W.2d 584 (1941)
- Jurisdiction
- Missouri (state)
- Effective Date
- 1941-01-04
Other Sections in This Document (37)
- Schneider v. Schneider, 146 S.W.2d 584 (1941)
- Schneider v. Schneider, 146 S.W.2d 584 (1941)
- Schneider v. Schneider, 146 S.W.2d 584 (1941)
- Schneider v. Schneider, 146 S.W.2d 584 (1941)
- Schneider v. Schneider, 146 S.W.2d 584 (1941)
- Schneider v. Schneider, 146 S.W.2d 584 (1941)
- Schneider v. Schneider, 146 S.W.2d 584 (1941)
- Schneider v. Schneider, 146 S.W.2d 584 (1941)
- Schneider v. Schneider, 146 S.W.2d 584 (1941)
- Schneider v. Schneider, 146 S.W.2d 584 (1941)
- Schneider v. Schneider, 146 S.W.2d 584 (1941)
- Schneider v. Schneider, 146 S.W.2d 584 (1941)
- Schneider v. Schneider, 146 S.W.2d 584 (1941)
- Schneider v. Schneider, 146 S.W.2d 584 (1941)
- Schneider v. Schneider, 146 S.W.2d 584 (1941)
- Schneider v. Schneider, 146 S.W.2d 584 (1941)
- Schneider v. Schneider, 146 S.W.2d 584 (1941)
- Schneider v. Schneider, 146 S.W.2d 584 (1941)
- Schneider v. Schneider, 146 S.W.2d 584 (1941)
- Schneider v. Schneider, 146 S.W.2d 584 (1941)
- Schneider v. Schneider, 146 S.W.2d 584 (1941)
- Schneider v. Schneider, 146 S.W.2d 584 (1941)
- Schneider v. Schneider, 146 S.W.2d 584 (1941)
- Schneider v. Schneider, 146 S.W.2d 584 (1941)
- Schneider v. Schneider, 146 S.W.2d 584 (1941)
- Schneider v. Schneider, 146 S.W.2d 584 (1941)
- Schneider v. Schneider, 146 S.W.2d 584 (1941)
- Schneider v. Schneider, 146 S.W.2d 584 (1941)
- Schneider v. Schneider, 146 S.W.2d 584 (1941)
- Schneider v. Schneider, 146 S.W.2d 584 (1941)
- Schneider v. Schneider, 146 S.W.2d 584 (1941)
- Schneider v. Schneider, 146 S.W.2d 584 (1941)
- Schneider v. Schneider, 146 S.W.2d 584 (1941)
- Schneider v. Schneider, 146 S.W.2d 584 (1941)
- Schneider v. Schneider, 146 S.W.2d 584 (1941)
- Schneider v. Schneider, 146 S.W.2d 584 (1941)
- Schneider v. Schneider, 146 S.W.2d 584 (1941)
Full Text
1,827 charsAppellants next insist that the chancellor improperly appointed a receiver for the corporate defendant and that, in any event, a decree ordering the sale of all corporate assets by such receiver was improper because it would, in effect, dissolve the appellant corporation. We have repeatedly held that a -court of equity is without jurisdiction to dissolve a corporation. [State ex rel. Donnell v. Foster, 225 Mo. 171, 125 S. W. 184; Ashton v. Penfield, 233 Mo. 391, 135 S. W. 938; State ex rel. Kansas City Missouri River Navigation Company v. Dew, 312 Mo. 300, 279 S. W. 65; State ex rel. Kopke v. Mulloy, 329 Mo. 1, 43 S. W. (2d) 806.] A corporation exists as such by virtue of a primary franchise granted by the State. Corporate dissolution within the meaning of the above cases means the termination of corporate existence and the ending of such franchise. The premature death of the artificial corporate person can be brought about only by a court of law as distinguished from one of chancery. On the other hand the mere sale of corporate assets, including such intangibles as good will and going-concern values, does not end a corporate existence any more than the stripping away of a natural person’s assets through bankruptcy is equivalent to his death. The power to appoint a receiver to take over the business of a corporation is one which should be sparingly exercised. The chancellor should proceed in such a matter with the greatest of caution. But our decisions have clearly recognized that under exceptional circumstances a court of chancery is not only justified in taking over the complete management of a corporation through a receiver, but can cause such receiver to dispose of all corporate assets. [Thompson v. Greeley, 107 Mo. 577, 17 S. W. 962, cited with approval in State ex rel. Kopke v. Mulloy, *110