Hampton Roads Fire & Marine Insurance v. Coburn Motor Car Co.

The Hampton Roads Fire and Marine Insurance Company, a corporation, filed its bill against Coburn Motor Car Company, Incorporated, and others for the purpose of having the court distribute among those entitled thereto its assets. All of the defendants demurred to the bill and the court sus*678tained the demurrer but referred the cause to a commissioner to ascertain the assets of the corporation, its indebtedness and the net amount available for the preferred stockholders. The appellant is complaining of the court’s action in sustaining the demurrer.

The essential facts may be stated as follows:

T.…