Legal Opinion

McMullin v. McArthur Electric Manufacturing Co.

New Jersey Court of Chancery

Decided October 23, 1907PublishedCited by 1 opinion

On bill for receiver.

1Opinion of the Court

Leaming, Y. C.

The affidavits filed on behalf of defendant company are mainly devoted to an effort to show that the misfortunes of the company are due to wrongful conduct on the part of complainant. Matters of that nature are wholly immaterial in a proceeding of this character, as this court is in no way concerned with the motives of complainant. Any creditor or stockholder, however, unworthy, has a statutory right to apply for a receiver. The application is not treated as one for his individual benefit. When such an application is filed the duty of this court is to ascertain whether…

2Cited by1 opinion

  1. Department Store Co. v. Gauss-Langenberg Hat Co.New Mexico Supreme Court · 1912

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