Legal Opinion
Tachna v. Pressed Steel Car Co.
New Jersey Court of Chancery
Decided January 12, 1933PublishedCited by 4 opinions
1Opinion of the Court
The bill alleges that defendant, a corporation of New Jersey, has become insolvent and it prays that the court may issue the injunction prescribed by section 65 of the Corporation act (Comp. Stat. p. 1640), and may appoint a receiver for the creditors and stockholders of defendant. Defendant answers first, that it is not insolvent, and second, that complainants are precluded by their contract from maintaining the bill.
Complainants are creditors of defendant, holding its sealed promissory notes in the principal sum of $7,000, dated December 30th, 1922, and matured January 1st, 1933. The notes…
2Cases cited4 opinions
- Smith v. Washington Casualty InsuranceNew Jersey Court of Chancery · 1932
- Reinhardt v. Inter-State Telephone Co.New Jersey Court of Chancery · 1906
- Hoyt v. E. I. du Pont de Nemours Powder Co.New Jersey Court of Chancery · 1917
- Naspo v. Summit Sweets ShoppeNew Jersey Court of Chancery · 1930
3Cited by4 opinions
- Noble v. European Mortgage & Investment Corp.Court of Chancery of Delaware · 1933
- Quadrant Structured Products Co. v. VertinSupreme Court of Delaware · 2013
- Jennings v. Studebaker Corp.New Jersey Court of Chancery · 1933
- Frobisher v. Tudor Corp.New Jersey Court of Chancery · 1933