McBryan v. Universal Elevator Co.
Michigan Supreme Court
Appeal from Wayne; Waite, J. Bill by William H. McBryan, receiver of the Universal Elevator Company, against the Universal Elevator Company, Charles W. Moore, Marvin M. Stanton, Wilbur Brotherton, Frank E. Schoonmaker, trustee, Frank E. Schoonmaker, James N. Schoonmaker, William R. Johnston, William H. Hültgren, William B. Bierce, John H. Duffie, Charles T. Duffie, and Alvah H. Leavitt, to enforce an alleged liability for unpaid subscriptions to the capital stock of…
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Appeal from Wayne; Waite, J. Bill by William H. McBryan, receiver of the Universal Elevator Company, against the Universal Elevator Company, Charles W. Moore, Marvin M. Stanton, Wilbur Brotherton, Frank E. Schoonmaker, trustee, Frank E. Schoonmaker, James N. Schoonmaker, William R. Johnston, William H. Hültgren, William B. Bierce, John H. Duffie, Charles T. Duffie, and Alvah H. Leavitt, to enforce an alleged liability for unpaid subscriptions to the capital stock of defendant corporation. From a decree dismissing the bill, complainant appeals. A corporation, known as the “C. C. Wormer…
1Opinion of the CourtGrant, J.
( after stating the facts). 1. This suit was properly launched. No application to the court for leave to bring suit is required. Chancery Rule No. 31; 3 Comp. Laws, §§ 10841, 10842. A judgment creditor is entitled to maintain a bill to seek assets to satisfy his judgment and execution. Turnbull v. Lumber Co., 55 Mich. 387, 392 (21 N. W. 375); Young v. Iron Co., 65 Mich. 111, 127 (31 N. W. 814). Other creditors can come in under such a proceeding if they so desire, and the court may make an order for serving notice upon them. A judgment creditor is under no legal or moral obligation to bring…
2Cases cited12 opinions
- Mandeville v. . ReynoldsNew York Court of Appeals · 1877
- Schrader v. Manufacturers' Nat. Bank of ChicagoSupreme Court of the United States · 1890
- Young v. Erie Iron Co.Michigan Supreme Court · 1887
- Slee v. BloomCourt for the Trial of Impeachments and Correction of Errors · 1822
- Turnbull v. Prentiss Lumber Co.Michigan Supreme Court · 1884
7 more not listed; retrieve them via the Exa API.
3Cited by21 opinions
- Golden v. CervenkaIllinois Supreme Court · 1917
- Atkinson v. JapinkMichigan Supreme Court · 1915
- Ratchford v. Cayuga County Cold Storage & Warehouse Co.New York Court of Appeals · 1916
- Russell v. MartinMassachusetts Supreme Judicial Court · 1919
- Norman v. MeekerWashington Supreme Court · 1916
16 more not listed; retrieve them via the Exa API.