Pennsylvania Steel Co. v. New York City Ry. Co.
Court of Appeals for the Second Circuit
Appeals from the District and Circuit Courts of the United States for the Southern District of New York in the New York City Railway Company and Metropolitan Street Railway Company Receivership Causes. Suit in equity by the Pennsylvania Steel Company and another against the New York City Railway Company and others.
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Appeals from the District and Circuit Courts of the United States for the Southern District of New York in the New York City Railway Company and Metropolitan Street Railway Company Receivership Causes. Suit in equity by the Pennsylvania Steel Company and another against the New York City Railway Company and others. From decrees of the Circuit and District Courts (188 Fed. 339, 343; 189 Fed. 661; 190 Fed. 609; 194 Fed. 543), the Pennsylvania Steel Company and others, the Metropolitan Express Company, the National Conduit & Cable Company, Alexander J. Hemphill and others, as a committee, the…
1Opinion of the CourtNoyes, Circuit Judge
(after stating the facts as above). [1] A chancery receiver is an indifferent person appointed by the court to hold property in litigation pending suit. He is a ministerial officer with the function of a custodian. He derives his authority from the court and not from the parties at whose instance he is appointed. He acts in behalf of no particular interest, but guards the rights of all. Being a mere holder, his appointment does not change the title to the property in his charge, nor alter any lien of contract. Booth v. Clark, 17 How. 322, 15 L. Ed. 164; Quincy, etc., R. Co. v. Humphreys, 145…
2Cases cited60 opinions
- Lawrence v. . FoxNew York Court of Appeals · 1859
- Roehm v. HorstSupreme Court of the United States · 1900
- Wakeman v. Wheeler & Wilson Manufacturing Co.New York Court of Appeals · 1886
- Griffin v. . ColverNew York Court of Appeals · 1858
- Kneeland v. American Loan & Trust Co.Supreme Court of the United States · 1890
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3Cited by151 opinions
- Gardner v. New JerseySupreme Court of the United States · 1947
- Group of Institutional Investors v. Chicago, M., St. P. & P.R. Co., and 9 Other CasesSupreme Court of the United States · 1943
- Meyer v. FlemingSupreme Court of the United States · 1946
- Burnrite Coal Briquette Co. v. RiggsSupreme Court of the United States · 1927
- In re Mullings Clothing Co.Court of Appeals for the Second Circuit · 1916
146 more not listed; retrieve them via the Exa API.