East St. Louis Cotton Oil Co. v. Hutchins

Kirby, J.,

(after stating- the facts). Petitioner insists the court was without jurisdiction to appoint receivers or administer or liquidate, the assets of the insolvent corporation of a class covered by the National Bankruptcy Act. Jurisdiction was invoked “by petition of creditors signed by respondent Dendy on behalf of himself and other creditors who might wish to join,” etc. It was alleged the corporation was insolvent, with a prayer that it be adjudged so, and the court took charge of the assets, administering same under the said insolvency statute of Arkansas.

“The insolvency laws of…