In re Manufacturers' Box & Lumber Co.
District Court, D. New Jersey
In Bankruptcy. In the matter of the Manufacturers’ Box & Lumber Company, bankrupt. On review of a referee’s order overruling a creditor’s objection and allowing the claim of James H. Beals.
1Opinion of the Court
RELLSTAB, District Judge.
The bankrupt was incorporated in February, 1912, under the laws of New Jersey, and carried on the lumber business in that state. The total capital stock of the bankrupt issued and outstanding is $10,000, par value, divided into 100 shares. This was issued for property purchased from a copartnership composed of three members, who, for a period of about five months previous thereto, had carried on the same business. This copartnership had begun business with less than $1,000 capital, and the net assets at the time the corporation wás formed were less than $2,000.
It is…
2Cases cited18 opinions
- Holcombe v. Trenton White City Co.New Jersey Court of Chancery · 1912
- Gillett v. Chicago Title & Trust Co.Illinois Supreme Court · 1907
- In re Remington Automobile & Motor Co.Court of Appeals for the Second Circuit · 1907
- See v. HeppenheimerNew Jersey Court of Chancery · 1905
- Kiskadden v. SteinleCourt of Appeals for the Sixth Circuit · 1913
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3Cited by2 opinions
- Harrigan v. BergdollSupreme Court of the United States · 1926
- Powers v. ElliottMissouri Court of Appeals · 1927