Rawnsley v. Trenton Mutual Life Insurance
New Jersey Court of Chancery
This was a proceeding under the “Act to prevent frauds by incorporated companies.” The bill was filed by a creditor and a stockholder of the company, and the complainants now applied for an injunction to restrain the defendants from exercising their corporate franchises, and for the appointment of receivers to wind up its concerns.
1Opinion of the Court
The Chancellor.
This bill is filed by Joshua Eawnsley, a policy-holder, and as such, by virtue of its charter, a member of “ The Trenton Mutual Life and Fire Insurance Company,” and by Andrew Barricklo, who alleges himself to be a creditor of the said company.
The proceedings are under the act entitled “An act to prevent frauds by incorporated companies,” and I am asked *96now to - declare this company insolvent, and to' appoint receivers to wind up its concerns. •
By virtue of the general equity powers of the court, this bill could not be maintained. The relief sought for is under and by virtue of…
2Cited by7 opinions
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- Laredef Corp. v. Fed. Seaboard Terra CottaNew Jersey Court of Chancery · 1942
- Naspo v. Summit Sweets ShoppeNew Jersey Court of Chancery · 1930
- Panzer v. National Finance Corp.New Jersey Court of Chancery · 1934
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