Realty Associates v. Women's Club

The plaintiff, Realty Associates of Portland, Oregon, a corporation (hereinafter called “'the corporation”), commenced this suit in equity on November 15, 1945, for the purpose of obtaining an adjudication of the rights of its creditors and the winding up of its affairs.

With minor exceptions, the creditors were the holders of written obligations of various descriptions issued by the corporation. Among the defendants named in the complaint were Women’s -Club, a charitable corporation, and EHis Hughes Martin. They were sued individually as holders of obligations known as “Series 1 bonds” and as…