Legal Opinion
Haas v. Sinaloa Exploration & Development Co.
Court of Chancery of Delaware
Decided November 18, 1930PublishedCited by 8 opinions
1Opinion of the Court
The Chancellor.
A receiver was appointed by this court for Sinaloa Exploration and Development Company on the ground of insolvency, under the provisions of Section 3883, Revised Code 1915. In Mackenzie Oil Co. v. Omar Oil & Gas Co., 14 Del. Ch. 36, 120 A. 852; Id., 13 Del. Ch. 307, 119 A. 124, it was observed that the decree of the court appointing a receiver under the statute has the effect of transforming the assets of the corporation into a fund to be held in the nature of a trust for the creditors and stockholders. The appointment of a receiver in such case does not however work a…
2Cases cited9 opinions
- Mackenzie Oil Co. v. Omar Oil & Gas Co.Court of Chancery of Delaware · 1923
- In re the Insolvent Estate of LeimanCourt of Appeals of Maryland · 1870
- Dodd v. WilsonCourt of Chancery of Delaware · 1872
- Ludington v. . ThompsonNew York Court of Appeals · 1897
- Heckert's AppealSupreme Court of Pennsylvania · 1855
4 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- Kahn v. Seaboard Corp.Court of Chancery of Delaware · 1993
- Bovay v. H. M. Byllesby & Co.Court of Chancery of Delaware · 1943
- Lichens Co. v. Standard Commercial Tobacco Co.Court of Chancery of Delaware · 1944
- Bush v. Hillman Land Co.Court of Chancery of Delaware · 1938
- Bush v. Hillman Land Co.Court of Chancery of Delaware · 1938
3 more not listed; retrieve them via the Exa API.