People v. Empire Loan & Investment Co.
Appellate Division of the Supreme Court of the State of New York
Appeal by the defendant, the Empire Loan and Investment Company, from an order of the Supreme Court, made at the Dutchess Special Term and entered in the office of the clerk of the county of Kings on the 30th day of October, 1896, appointing a temporary receiver of the defendant.
1Opinion of the Court
Goodrich, P. J.:
The complaint alleges, though somewhat inartificially, that the defendant, a building and loan association, is insolvent; also, that it has violated various provisions of its own charter and by-laws and the laws of the State by conducting its business in an unsafe manner ; that it is inexpedient and unsafe for it to continue its business, and that the interest of its creditors and shareholders and the public require its dissolution.
It is to be observed that this appeal does not arise upon a motion to correct pleadings. If these are not properly drawn, their insufficiency as…
2Cases cited1 opinion
- People v. Bankers' Loan & Investment Co.New York Court of Common Pleas · 1895
3Cited by4 opinions
- People v. Manhattan Real Estate & Loan Co.Appellate Division of the Supreme Court of the State of New York · 1902
- People v. Mercantile Co-operative BankAppellate Division of the Supreme Court of the State of New York · 1900
- People v. New York Building Loan Banking Co.New York Supreme Court · 1903
- People v. Republic Savings & Loan Ass'nAppellate Division of the Supreme Court of the State of New York · 1900