Savin v. McNeill

The principal question in this case has to do with the standing of plaintiff tO’ sue as receiver. A brief statement of facts is necessary. The Bloomington Boston Store Company was incorporated July 20, 1937. Defendant was the principal stockholder. On July 21, 1937, the company leased a store building in Bloomington, Illinois, the lease having a term of ten years. Rent for the first month was paid at the time of executing the lease which was to run from October 1, 1937, although immediate possession was permitted. On August’ 13, 1937, $16,646.67 was deposited in a Bloomington bank to the…