Legal Opinion

In re Atlas Iron Construction Co.

The Superior Court of New York City

Decided September 15, 1895Published

Motion by certain creditors of the company to vacate an order appointing a receiver.

1Opinion of the CourtFreedman, J.

—The proceeding in which the order appointing a receiver of the property and - assets of the corporation was made was instituted by petition. Upon its face, it is not an action. If anything, it is a special proceeding. As such, it should be justified by some statutory provision. Unless it can be found to fall within some statute, it is a serious question whether the court had jurisdiction, and had power to appoint a receiver. It is not a proceeding for the voluntary dissolution of the corporation, under sections 2419 2431 of the Code. It does not fall *802within sections 1784-1796, for they apply…

2Cases cited6 opinions

  1. Belmont v. Erie Railway Co.New York Supreme Court · 1869
  2. Hitch v. . HawleyNew York Court of Appeals · 1892
  3. In re the Directors of the Binghamton General Electric Co.New York Court of Appeals · 1894
  4. Bliven v. Peru Steel & Iron Co.New York Supreme Court · 1881
  5. Latimer v. EddyNew York Supreme Court · 1864

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