Appeal of Hammond
Supreme Court of Pennsylvania
FROM THE DEGREE OF THE COURT OF COMMON PLEAS NO. 1 OF ALLEGHENY COUNTY. No. 229 October Term 1888, Sup. Ct.; court below, No. 407 June Term 1886, C. P. No. 1. On March 81, 1886, tbe McTighe Electric Light and Manufacturing Company, a corporation organized under the corporation act of April 29, 1874, made an assignment of all its property and estate to Walter S. Steel, for the benefit of creditors.
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FROM THE DEGREE OF THE COURT OF COMMON PLEAS NO. 1 OF ALLEGHENY COUNTY. No. 229 October Term 1888, Sup. Ct.; court below, No. 407 June Term 1886, C. P. No. 1. On March 81, 1886, tbe McTighe Electric Light and Manufacturing Company, a corporation organized under the corporation act of April 29, 1874, made an assignment of all its property and estate to Walter S. Steel, for the benefit of creditors. The assignee converted the entire assigned estate into money, and on September 18, 1886, settled an account. Exceptions having been filed, Mr. Morton Hunter was appointed auditor to hear and…
1Opinion of the Court
Opinion,
Mr. Justice Williams :
The McTighe Electric Light and Manufacturing Company was a corporation organized in 1883. The appellant was a stockholder, a director, and the treasurer of the corporation. In March, 1886, being unable to meet its obligations, the company made an assignment to Steel for the benefit of its creditors. The assignee accepted the trust, entered upon his duties, and . during 1886 sold the entire plant and assets of the corporation. The proceeds of the sale were brought into court for distribution.
After the assignment to Steel, and after the assignee’s sale, Hammond…
2Cases cited2 opinions
- Hill v. FrazierSupreme Court of Pennsylvania · 1853
- Craig's AppealSupreme Court of Pennsylvania · 1880
3Cited by4 opinions
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- Stanton v. GilpinWashington Supreme Court · 1905
- Louchheim v. Clawson Printing & Weighing Co.Superior Court of Pennsylvania · 1899
- Morris v. Imperial Cap Co.Michigan Supreme Court · 1904