McElree v. Darlington
Supreme Court of Pennsylvania
Appeal, No. 17, Jan. T., 1898, by-plaintiffs, from order of C. P. Chester Co., dismissing petition to examine books of a corporation. Petition to examine books, papers and accounts of the Chester County Guarantee, Trust & Safe Deposit Company. Before Hemphill, P. J. The facts appear by tbe opinion of the Supreme Court. Error assigned was order dismissing tbe petition.
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Appeal, No. 17, Jan. T., 1898, by-plaintiffs, from order of C. P. Chester Co., dismissing petition to examine books of a corporation. Petition to examine books, papers and accounts of the Chester County Guarantee, Trust & Safe Deposit Company. Before Hemphill, P. J. The facts appear by tbe opinion of the Supreme Court. Error assigned was order dismissing tbe petition. Tbe books, papers and accounts are in tbe bands of tlie receivers and are not in tlie possession of tbe corporation : Booth v. Clark, 17 Howard (U. S.), 822; Robinson v. Atlantic, etc., Ry., 66 Pa. 160; Singerly v. Fox, 75 Pa.…
1Opinion of the Court
Opinion by
Mr. Justice McCollum,
The Chester County Guarantee, Trust; and Safe Deposit Company was incorporated July 28, 1885, under the corporation act approved April 29,1874, and the supplement thereto approved May 24, 1881. It was authorized among other things to receive money on deposit. It invited by advertisement in the newspapers the making of such deposits, and as an inducement to make them offered to pay five per cent interest thereon. Its published statements heralded its soundness and solvency, and the result of its efforts in this direction was that a large number and amount of…
2Cases cited1 opinion
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- Commonwealth v. EVANSSuperior Court of Pennsylvania · 1959
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