Bull v. International Power Co.
New Jersey Court of Chancery
On application of Dominion Mining and Manufacturing Corporation for restoration of its property to defendant corporation and for discharge of receiver.
1Opinion of the Court
Walker, Chancellor.
The defendant company was adjudged to have been eondncting its business at great loss and greatly prejudicial to the interests of its creditors and stockholders, and also to be insolvent, and General Sadler was appointed receiver for it by this court. The company has not yet been wound up and the receiver is still in the discharge of his duties. A petition has been presented by *3the Dominion 'Mining and Manufacturing Corporation, a body corporate of the State of Virginia, in which it represents that it has acquired a large majority of the shares of the preferred and common…
2Cited by2 opinions
- Public Service Holding Corp. v. KilloranSupreme Court of Delaware · 1942
- Naspo v. Summit Sweets ShoppeNew Jersey Court of Chancery · 1930