Legal Opinion
MacNamee v. Bankers' Union for Foreign Commerce & Finance, Inc.
Court of Appeals for the Second Circuit
Decided April 9, 1928No. 117PublishedCited by 11 opinions
1Opinion of the CourtSwan, Circuit Judge
(after stating the facts as above). The bill upon which the receiver was appointed sets forth that the corporation is without directors and.officers and that it is necessary that a receiver take charge of its assets and “dispose of the same -for the benefit of creditors and all parties in interest.” Apparently all commercial creditors have been or will be satisfied and a considerable fund will remain for distribution as the court may hereafter order. This fund, all creditors being paid, must either be returned to the corporation or distributed among the shareholders. The business of the…
2Cases cited26 opinions
- Upton v. TribilcockSupreme Court of the United States · 1875
- Galliher v. CadwellSupreme Court of the United States · 1892
- Pusey & Jones Co. v. HanssenSupreme Court of the United States · 1923
- Higgins v. . CrouseNew York Court of Appeals · 1895
- Kley v. . HealyNew York Court of Appeals · 1891
21 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Domestic Fuel Corp. v. Marine Midland Bank, N.A. (In Re Domestic Fuel Corp.)United States Bankruptcy Court, S.D. New York · 1987
- Moecker v. AntoineDistrict Court of Appeal of Florida · 2003
- Smith v. Aeolian Co.District Court, D. Connecticut · 1943
- In Re Bancunity CorporationDistrict Court, S.D. New York · 1929
- Oppenheimer v. Harriman Nat. Bank & Trust Co.Court of Appeals for the Second Circuit · 1936
6 more not listed; retrieve them via the Exa API.