Verplanck v. Mercantile Insurance
New York Court of Chancery
' The bill in this cause was filed before the late vice chancellor of the' first circuit. The .complainants were stockholders of the Mercantile Insurance Company of New-York. By their bill they alleged, among other things, that the directors of the company were under the influence and control of Jacob Barker, who was largely indebted to the' com- , pany, and who represented himself to be insolvent.
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' The bill in this cause was filed before the late vice chancellor of the' first circuit. The .complainants were stockholders of the Mercantile Insurance Company of New-York. By their bill they alleged, among other things, that the directors of the company were under the influence and control of Jacob Barker, who was largely indebted to the' com- , pany, and who represented himself to be insolvent. The bill also set forth various acts of the company, and of Jacob Barker, which were alleged td be violations of the charter of the company, or to be injurious to the, interests of the…
1Opinion of the Court
The Chancellor.
I shall not attempt to examine or express any opinion upon the merits of this case as stated ín the complainant’s bill; because upon examination of the objections which have been raised as to the form arid regularity of the proceedings before the vice chancellor, I find those objections insurmountable.
The first objection is, that although the order appointing a receiver purports to have been entered in a suit against M The Mercantile Insurance Company of New-York,” under which order the appellants have been deprived of the possession of their property, they were not in fact…
2Cases cited1 opinion
- People v. NortonNew York Court of Chancery · 1828
3Cited by68 opinions
- Davis v. GraySupreme Court of the United States · 1873
- People v. . O'BrienNew York Court of Appeals · 1888
- Folger v. Columbian InsuranceMassachusetts Supreme Judicial Court · 1868
- Petrogradsky Mejdunarodny Kommerchesky Bank v. National City BankNew York Court of Appeals · 1930
- Baker v. Administrator of BackusIllinois Supreme Court · 1863
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