CORPORATIONS, § 495 — dissolution, effect on capacity to sue. Where a corporation was dissolved in 1934 for failure to file its annual report and pay its franchise tax and in 1935 it obtained judgment by confession and brought garnishment proceedings, the 1933 act conferred no authority on a dissolved corporation to sue and the act prohibited plaintiff from suing so long as it was delinquent in the payment of its franchise tax, and the judgment by confession was vacated (Ill. Rev. Stat. 1937, ch. 32, pars. 157.94, 157.142; Jones Ill. Stats. Ann. 32.096, 32.146).
See Callaghan's Illinois Digest, same topic and section number.
Opinion by JUSTICE. SULLIVAN.
"Not to be published in full." Opinion filed May 14, 1942.