People's Auto Co. v. Manufacturers' Finance Acceptance Corp.

FOSTER, Justice.

Upon bill filed by appellee, the court appointed a receiver for a domestic corporation, appellant, without notice to it, and without a hearing at which it was represented. The appeal is from that decree.

The bill makes no allegation of insolvency as a fact of the corporation. It only alleges in that connection that the president of the company -has admitted its insolvency, at some indefinite time, not stated. Its solvency may have been re-established since then and be perfectly solvent now, so far as the bill shows. Such a hill should not be content merely to allege the…