Katten v. Merchants & Planters Bank

O’NIELL, Chief Justice.

This is an appeal from a judgment appointing a receiver — called liquidator — of a defunct corporation. The plaintiff being a minority stockholder sued for the appointment of either a receiver or a liquidator, as she expressed it, and, after a hearing of the case the judge appointed a so-called “liquidator or trustee”, declaring that the appointment was made “as prayed for”. From this, and from the written reasons for the judgment, we infer that the appointee was intended to be a receiver, with authority only to liquidate and wind up the affairs of the corporation.

The…