Attorney General v. Life & Fire Insurance
New York Court of Chancery
This was a petition of the receivers appointed in this cause, under the 41st section of the title of the revised statutes, relative to proceedings against corporations in equity. (2 R. S. 464.) The petitioners stated that they had advertised, pursuant to the statute, for all the creditors and claimants upon the funds of the corporation, to come in and exhibit their demands.
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This was a petition of the receivers appointed in this cause, under the 41st section of the title of the revised statutes, relative to proceedings against corporations in equity. (2 R. S. 464.) The petitioners stated that they had advertised, pursuant to the statute, for all the creditors and claimants upon the funds of the corporation, to come in and exhibit their demands. That two persons having claims against the company, as annuitants, had exhibited such claims, which had been allowed. That certain other persons claiming as bond holders had presented their claims to the receivers, as…
1Opinion of the Court
The Chancellor.
The forty-second section of the title of the revised statutes, under which these receivers have been appointed, gives to them all the powers and authority conferred, and subjects them to the same obligations and duties which are imposed upon receivers who are appointed upon the voluntary dissolution of a corporation upon the petition of its directors or trustees. (2 R. S. 464, § 42.) And to ascertain the powers, obligations and duties of receivers upon a voluntary dissolution of a corporation, we are, by the 68th, 70th, 72d, 73d and 74th sections of the same title, (2 R. S.…
2Cited by7 opinions
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- R. H. Battle v. . S.W. DavisSupreme Court of North Carolina · 1872
- Pond v. CookeSupreme Court of Connecticut · 1877
- Weeks v. CornwallNew York Supreme Court · 1887
- First National Bank v. E. T. Barnum Wire & Iron WorksMichigan Supreme Court · 1886
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