Renshaw v. His Creditors
Supreme Court of Louisiana
APPEAL from the Civil District Court for the Parish of Orleans ■ Tissot, J. 1. Powers of attorney, to transfer stocks on the books of corporations, expire by the failure of the principal.
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APPEAL from the Civil District Court for the Parish of Orleans ■ Tissot, J. 1. Powers of attorney, to transfer stocks on the books of corporations, expire by the failure of the principal. Act 19 of 1882. 2. The syndic of an insolvent has the exclusive right to administer upon the property surrendered aud to sell the same subject to the claims of privileged creditors. 34 A. 389; 31 A. 868; 1 N.S.417; 2 N. S. 22; R. S. 1813; C. O. 3166; 31 A. 870; 14 A. 560. -Apledgee, under ordinary circumstances, cannot he compelled by the syndic of the insolvent debtor to surrender the pledge to him.…
1Opinion of the Court
The opinion of the Court was delivered by
Fenner, J.
This is.a proceeding by the syndic in this insolvency to compel the Sun Mutual Insurance Company and the Hope Insurance Company to surrender to him certain shares of stock in various corporations which belonged to the insolvent, and liad been pledged to said companies before his cession to secure certain debts due by him to them.
The validity of neither the debts nor the pledges is assailed by the *39syndic, nor is it even pretended that the value of the securities exceeds the debts for which they are pledged.
The simple contention is that, by…
2Cases cited1 opinion
- Hunt v. Rousmanier's AdministratorsSupreme Court of the United States · 1823
3Cited by10 opinions
- Stevens v. AllenSupreme Court of Louisiana · 1916
- Succession of ZatarainLouisiana Court of Appeal · 1962
- I. Trager Co. v. Cavaroc Co.Supreme Court of Louisiana · 1909
- Bossier v. LovellLouisiana Court of Appeal · 1982
- Richardson v. TurnerSupreme Court of Louisiana · 1900
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