Ellicott v. United States Insurance
Court of Appeals of Maryland
Appeal from the Equity Side of Baltimore county court. The original bill in this case was filed by Herman Stump, on the 24th of May 1834, against the appellees.
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Appeal from the Equity Side of Baltimore county court. The original bill in this case was filed by Herman Stump, on the 24th of May 1834, against the appellees. The United States Insurance Company, alleging that he is the creditpr of the company to a large amount, as the holder of its policies, exhibited with the bill; that the company has stopped payment, closed its operations, and is wholly unable to pay its debts, which are very large; that there has been gross mismanagement of its affairs lty its president and directors, and that the conduct ¡of said president and directors, in permitting…
1Opinion of the CourtDorsey, C. J.
The only object of the court below in the appointment of receivers, so far as it is unfolded upon the face of the decree itself, was to provide for the safe keeping of the property and effects of the United States Insurance Company. And the design of the injunction, awarded by the decree, was to restrain the president and directors of the company from making any fraudulent and inequitable disposition of the funds and effects of the company amongst themselves or its creditors. No other, or ulterior intent, is declared by the action of the court, anterior to the date of the judgment, rendered…
2Cited by17 opinions
- Gaither v. StockbridgeCourt of Appeals of Maryland · 1887
- Praeger v. Emerson-Brantingham Implement Co.Court of Appeals of Maryland · 1914
- Ellicott v. WarfordCourt of Appeals of Maryland · 1853
- Cockey v. LeisterCourt of Appeals of Maryland · 1858
- Kluckhuhn v. Ivy Hill Ass'n, Inc.Court of Special Appeals of Maryland · 1983
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