Doane v. Millville Mutual Marine & Fire Insurance

Bird, Y. C.

The defendant company is an insolvent corporation. On the 21st day of September, 1885, a bill was filed setting forth the inability of the company to pay its debts. An order to show cause why a receiver should not be appointed, together with an order restraining the company from performing any duties whatsoever devolving upon it, was issued.' Upon the return of the order, a receiver was appointed and an inj unction awarded. Soon after, a reference to ascertain the true condition of the company,, the nature and extent of its liabilities, and to report the extent *524of its obligations,…