Legal Opinion
Carpenter v. Ludlum
Court of Appeals for the Third Circuit
Decided February 23, 1934No. 5224Published
1Opinion of the Court
WOOLLEY, Circuit Judge.
The Cadet Hosiery Company, a Delaware corporation, was put into receivership by the District Court of the United States for the Eastern District of Pennsylvania. Besides property in Pennsylvania it had assets in Tennessee. Under the law of Tennessee, resident creditors of an insolvent foreign corporation have priority over non-resident simple contract corporation creditors (not registered in Tennessee) in the distribution of its assets located in that state. Section 2552 of Shannon’s Code of the State of Tennessee, now section 4134 of the Code of Tennessee, Yol. 2, p.…
2Cases cited12 opinions
- Blake v. McClungSupreme Court of the United States · 1898
- Merrill v. National Bank of JacksonvilleSupreme Court of the United States · 1899
- Aldrich v. Chemical National BankSupreme Court of the United States · 1900
- Chemical Nat. Bank v. ArmstrongCourt of Appeals for the Sixth Circuit · 1893
- People v. . Granite State Provident Assn.New York Court of Appeals · 1900
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