S. M. Jones Co. v. Home Oil & Development Co.
Supreme Court of Louisiana
Appeal from Fifteenth Judicial District Court, Parish of Calcasieu; Winston Over-ton, Judge. Action by the S. M. Jones Company against the Home Oil & Development Company. Certain parties filed objections to the receiver’s account, and from the judgment the receiver, plaintiff, and other judgment creditors appeal.
1Opinion of the CourtBreaux, C. J.
The receiver of the defendant company filed his first provisional account.
It is opposed on a number of grounds by creditors who are excluded on the account from participating in the distribution of the funds collected by the receiver.
The defendant company was organized to drill for oil in the Jennings field.
The receiver has collected $6,360.16, and expended the sum of $924.86.
He asks in this account to be permitted to pay to creditors a dividend of 40 per cent, {not including among the creditors the stockholder creditors).
They were excluded, on th$ ground, as he represents, ’that they are…
2Cases cited5 opinions
- Stone v. Farmers' Loan & Trust Co.Supreme Court of the United States · 1886
- Bank of Fort Madison v. AldenSupreme Court of the United States · 1889
- Villere v. New Orleans Pure Milk Co.Supreme Court of Louisiana · 1908
- Belknap v. AdamsSupreme Court of Louisiana · 1897
- Cahill v. People's Slaughter House & Refrigerating Co.Supreme Court of Louisiana · 1895
3Cited by4 opinions
- People's State Bank v. Jacksonian Hotel Co.Court of Appeals of Kentucky (pre-1976) · 1935
- LaSalle Street Trust & Savings Bank v. Topeka Milling Co.Supreme Court of Kansas · 1917
- Friedrichs v. Friedrichs, Young & Taney, Ltd.Supreme Court of Louisiana · 1910
- Colonial Sugars Co. v. Board of State AffairsSupreme Court of Louisiana · 1923