Brennan v. Gallagher
Illinois Supreme Court
Appeal from the Appellate Court for the First District;—heard in that court on appeal from the Superior Court of Cook county; the Hon. Theodore Brentano, Judge, presiding. The International Building, Loan and Investment Union of Chicago was in 1898 found insolvent in the superior court, and a decree entered dissolving it, ordering its assets administered upon and distributed, and appointing receivers.
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Appeal from the Appellate Court for the First District;—heard in that court on appeal from the Superior Court of Cook county; the Hon. Theodore Brentano, Judge, presiding. The International Building, Loan and Investment Union of Chicago was in 1898 found insolvent in the superior court, and a decree entered dissolving it, ordering its assets administered upon and distributed, and appointing receivers. February 6, 1900, the receivers filed their petition showing claims filed by stockholders and others, and praying that the claimants be required to appear and prove their claims. Among these…
1Per curiam
The question here is one between the appellee and the receiver and other creditors of the Investment Union. The receiver and the other creditors do not deny that appellee is entitled to the balance claimed by him of §3800 from' the Investment Union if there are assets enough out of which it and other claims can be paid, but only that he is to be treated as a stockholder in the union in reference to said claim, and not to be paid until the general creditors of the union shall first have been paid in full, and then to share with the other stockholders. This contention was sustained by the…
2Cases cited2 opinions
- National Home Building & Loan Ass'n v. Home Savings BankIllinois Supreme Court · 1899
- Christopher Columbus Building & Loan Ass'n v. KrieteIllinois Supreme Court · 1901
3Cited by11 opinions
- Leigh v. American Brake-Beam Co.Illinois Supreme Court · 1903
- Thompson v. DavisIllinois Supreme Court · 1921
- La Parr v. City of RockfordCourt of Appeals for the Seventh Circuit · 1938
- City of Chicago v. JosephCourt of Appeals for the Seventh Circuit · 1938
- Federal Life Insurance v. GriffinAppellate Court of Illinois · 1912
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