In re Waterbury
New York Court of Chancery
This case came before the chancellor upon an appeal by Robert Vernon, a judgment creditor of the Eagle Iron Works, from an order of the vice chancellor of the first circuit.
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This case came before the chancellor upon an appeal by Robert Vernon, a judgment creditor of the Eagle Iron Works, from an order of the vice chancellor of the first circuit. In October, 1839, a petition was presented to the vice chancellor in this matter, by a majority of the trustees of the Eagle Iron Works, an incorporated company, for the dissolution of the corporation, pursuant to the provisions of the article of the revised statutes relative to the voluntary dissolution of corporations ; and an order was thereupon made referring the matter to a master, and requiring all persons…
1Opinion of the Court
The Chancellor.
So far as relates to the judgments which were obtained upon the cognovits, given after the *382presenting the petition for the dissolution of the corporation, there can he no doubt that the judgment creditors are entitled, to no advantage over the other creditors, either as to the real or personal estate of the corporation. The seventy-first section of the article of the revised statutes relative to the voluntary dissolution of corporations, (2 R. S. 469,) expressly declares, among other things, that all judgments confessed by the corporation, after the filing of a petition for the…
2Cited by11 opinions
- State Inv. & Ins. Co. v. Superior Court of San FranciscoCalifornia Supreme Court · 1894
- Ludington v. . ThompsonNew York Court of Appeals · 1897
- Sands v. . HillNew York Court of Appeals · 1873
- Matter of ColemanNew York Court of Appeals · 1903
- Banks v. PotterNew York Court of Common Pleas · 1861
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