Town v. Duplex-Power Car Co.
Michigan Supreme Court
Appeal from. Eaton; Smith, J.. Bill by Frank P. Town and others against the Duplex-Power Car Company, for injunctive and other relief. From orders appointing a receiver and enjoining the sale of assets, defendants appeal.
1Opinion of the CourtOstrander, J.
The bill is filed by a minority of the stockholders of the Duplex-Power Car Company, and it prays for the discovery and collection of the assets of the company, through a receiver, for a dissolution of the corporation and the distribution of its assets. There is *521also the prayer that the receiver carry on the business if the court deems it necessary to do so to protect stockholders and save assets. The defendant corporation and its directors and others of the defendants, including the trustee named in a mortgage of corporate property, are restrained by an order of the court, made upon the…
2Cases cited4 opinions
- Miner v. Belle Isle Ice Co.Michigan Supreme Court · 1893
- Torrey v. Toledo Portland Cement Co.Michigan Supreme Court · 1907
- Woodmansee v. Ann Arbor Brick Co.Michigan Supreme Court · 1911
- Fuller v. McCormickMichigan Supreme Court · 1909
3Cited by9 opinions
- Madugula v. TaubMichigan Supreme Court · 2014
- Toles v. Duplex Power Car Co.Michigan Supreme Court · 1918
- Bollstrom v. Duplex Power Car Co.Michigan Supreme Court · 1919
- Allied Magnet Wire Corp. v. TuttleIndiana Supreme Court · 1926
- Garber v. TownMichigan Supreme Court · 1919
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