SEEK PERMISSION TO DISSOLVE AUTO
COMPANY
Submitted by
Peggy A. Wells
The dissolution of the Chesapeake Chevrolet Company of Chesapeake, this
county, and the complete winding up of its business, was asked in a suit
filed in the Lawrence county court of common pleas Saturday by J. B. Rich,
sole owner, of Huntington, W. Va.
It is pointed out by Mr. Rich that the Chesapeake company is a branch
of his Huntington Chevrolet agency and that it was organized solely by
him without any outstanding stock.
The Chesapeake branch has recently become involved in debt to such an
extent that the plaintiff considered liquidation of the assets and liabilities
of the Chesapeake company as not only advisable but necessary. As a result
of which Mr. Rich points out that in order to avoid further obligations
and losses he took over all the assets and liabilities and paid off all
the branch’s obligations.
The purpose of the incorporation of the branch has wholly failed and
now exists in name only.
The court action is brought thru A. R. Johnson law office.
Ironton Tribune, 17 April 1932, Sunday, Page 6.
