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VERIFIED PETITION FOR APPOINTMENT OF A RECEIVER
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EXTRACTED KEY WORDS
ASSIGNMENTS BANK RECEIVER EXHIBIT PUERTO RICO EXECUTE CAREY DISSOLUTION PURSUANT PURCHASE AGREEMENT PETITION VIRGIN ISLANDS ASSET PURCHASE AGREEMENT CHURCHILL COMMONWEALTH CERTIFICATE HOME MORTGAGE CLOSING UNIDENTIFIED MORTGAGES RATIFICATION COURT PREDECESSORS ENDORSEMENTS VERIFIED PETITION JULIETTE KEAN BANCO POPULAR VICE PRESIDENT LAWS DELAWARE |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE .:::'
IN AN FOR NEW CASTLE COUNTY
IN THE MATTER OF CGC
HOLDING COMPANY
VERIFIED PETITION FOR THE APPOINTMENT
OF A RECEIVER FOR A DISSOLVED CORPORATION
Petitioner, Juliette Kean of Banco Popular de Puerto Rico, by and through its counsel,
alleges the following:
1. Petitioner is Juliette Kean, Vice President of Banco Popular de Puerto Rico (the
"Bank"). The Bank is organized under the laws of the Commonwealth of Puerto Rico, with its
principal executive offices located in Hato Rey, Puerto Rico
2. CGC Holding Company (the "Company") was incorporated under the laws of the
State of Delaware pursuant to a Certificate of Incorporation filed in the Offtce of the Secretary of
State of the State of Delaware on November 26, 1991. The Company was the sole shareholder
and successor in interest of Home Mortgage Company which was engaged in the business of
originating and servicing mortgage loans in the Commonwealth of Puerto Rico and the U.S.
Virgin Islands, and operated under the commercial names of "Puerto Rico Home Mortgage" and
"Home Mortgage V.I." Home Mortgage Company, in turn, was the successor in interest and title
of Crossland Capital Corp., of Metmor Financial, Inc. and of MFI Acquisition Company.
3. The Company was dissolved pursuant to the provisions of 8 Del. 3 275. The
dissolution became effective upon the filing of a Certificate of Dissolution with the Secretary of
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