Legal Opinion

Burnrite Coal Briquette Co. v. Riggs

Court of Appeals for the Third Circuit

Decided August 11, 1923No. 2977PublishedCited by 3 opinions

1Opinion of the Court

BUFFINGTON, Circuit Judge.

The appointment of receivers for a corporation is a matter of grave concern, because it takes its property, and the management thereof, out of the hands of those in whom the law vested it. It follows, therefore, that when a court exercises this power, its warrant so to do must be shown. Such action, over the protest and objection of the company, the District Court of New Jersey took in the appointment of receivers for the Burnrite Coal Briquette Company, a corporation of the state of Delaware, which company that court at the same time found was not insolvent.

Such…

2Cases cited7 opinions

  1. Clark v. SmithSupreme Court of the United States · 1839
  2. Jackson v. HooperNew Jersey Court of Chancery · 1909
  3. Atwater v. BaskervilleNew Jersey Court of Chancery · 1918
  4. Clark v. Painted Post Lumber Co.New Jersey Court of Chancery · 1918
  5. Goff v. Goff Electro Pneumatic Brake Co.New Jersey Court of Chancery · 1918

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3Cited by3 opinions

  1. Burnrite Coal Briquette Co. v. RiggsSupreme Court of the United States · 1927
  2. Burnrite Coal Briquette Co. v. RiggsCourt of Appeals for the Third Circuit · 1925
  3. Riggs v. Burnrite Coal Briquette Co.District Court, D. New Jersey · 1924

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