Union Trust Co. v. Charlotte General Electric Co.
Michigan Supreme Court
Appeal from Eaton; Smith, J. Motion by the Union Trust Company, trustee, against the Charlotte General Electric Company for the appointment of a receiver pending the foreclosure of a mortgage. Erom an order granting the motion, defendant appeals.
1Opinion of the CourtMoore, J.
This is an appeal from an order appointing a receiver pendente lite of the property and business of the Charlotte General Electric Company. The suit is commenced under a trust mortgage given to secure an issue of bonds, and as representing $13,000 of the $30,000 bonds issued. The receivership is sought as relief ancillary to the main purpose of the suit, which is to foreclose the trust mortgage.
The application for a receiver was made upon the sworn bill of complaint, certain letters of the president and majority stock and bondholder in defendant company, and an affidavit of William W. Potter…
2Cases cited15 opinions
- Wagar v. StoneMichigan Supreme Court · 1877
- Hazeltine v. GrangerMichigan Supreme Court · 1880
- McLane v. Placerville & Sacramento Valley R.R.California Supreme Court · 1885
- Michigan Trust Co. v. Lansing Lumber Co.Michigan Supreme Court · 1894
- Union Mut. Life Ins. v. Union Mills Plaster Co.U.S. Circuit Court for the District of Western Michigan · 1889
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3Cited by12 opinions
- Detroit Trust Co. v. Detroit City Service Co.Michigan Supreme Court · 1933
- Nusbaum v. ShaperoMichigan Supreme Court · 1930
- Worley, Receiver v. CarterSupreme Court of Oklahoma · 1912
- Kerschensteiner v. Northern Michigan Land Co.Michigan Supreme Court · 1928
- American Trust Co. v. Michigan Trust Co.Michigan Supreme Court · 1933
7 more not listed; retrieve them via the Exa API.