McKee v. Rogers

The Chancellor:

The first point made by the demurrants is that the bill shows that a receiver has been appointed for the corporation by the District Court of the United States for the District of New Hampshire, and therefore the complainant has no standing in this court to sue to recover in the corporation’s behalf, because the right to recover is one belonging not to the corporation but to the receiver. In answering this contention it is important to bear in mind the facts attending the appointment of the New Hampshire receiver. They are in substance as follows: A bill was filed by one Smith…