Potter v. Sanitary Company of America
Court of Chancery of Delaware
1Opinion of the Court
The Chancellor:
Consolidated Management Association, herein called Consolidated, is in receivership in this court. A receiver was appointed for it on the ground of insolvency on March 15, 1933.
Sanitary Company of America, herein called Sanitary, is a corporation of this State. It has an authorized issue of no-par-value common stock of seventy-five hundred shares, of which seventy-three hundred are outstanding. It has also an issue of preferred stock. Control is lodged in the common stock.
Before and at the time of the receivership, Consolidated owned forty-five hundred shares of Sanitary common…
2Cases cited8 opinions
- Twin-Lick Oil Co. v. MarburySupreme Court of the United States · 1876
- McGourkey v. Toledo & Ohio Central Railway Co.Supreme Court of the United States · 1892
- Corsicana Nat. Bank of Corsicana v. JohnsonSupreme Court of the United States · 1919
- Wardell v. Railroad Co.Supreme Court of the United States · 1881
- Richardson's v. GreenSupreme Court of the United States · 1890
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