Legal Opinion
Lockwood v. OFB CORPORATION
Court of Chancery of Delaware
Decided March 14, 1973PublishedCited by 15 opinions
1Opinion of the Court
DUFFY, Chancellor:
The determinative issue before the Court is whether a court-appointed trustee for a dissolved Delaware corporation should be surcharged for his conduct during the administration.
A
OFB Corporation, a Delaware corporation, was dissolved on April 15, 1966. Its remaining assets were transferred to a trustee in dissolution, Frederick W. Weitz-el, appointed on April 28, 1966 by this Court for the benefit of creditors and shareholders under 8 Del.C. § 279; on October 13, 1967 Benjamin L. Shuff was appointed a co-trustee. On July 10, 1971 Mr. Weitzel died and Mr. Shuff has since…
2Cases cited8 opinions
- Whatley v. WoodSupreme Court of Colorado · 1965
- Wilmington Trust Company v. CoulterSupreme Court of Delaware · 1964
- Rippey v. Denver United States National BankDistrict Court, D. Colorado · 1967
- Pennsylvania Company v. Wilmington Trust CompanyCourt of Chancery of Delaware · 1962
- Pennsylvania Co. v. Wilmington Trust Co.Court of Chancery of Delaware · 1962
3 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Anadarko Petroleum Corp. v. Panhandle Eastern Corp.Supreme Court of Delaware · 1988
- Allard v. Pacific National BankWashington Supreme Court · 1983
- National Parks & Conservation Ass'n v. Board of State LandsUtah Supreme Court · 1993
- In Re Citadel Industries, Inc.Court of Chancery of Delaware · 1980
- Kelly v. FosterCourt of Appeals of Washington · 1991
10 more not listed; retrieve them via the Exa API.