McLean v. Miller Robinson Co.

KIRKPATRICK, District Judge.

Herbert P. Róbinson, who had for a number of years conducted a lumber business, obtained a Delaware charter, and on January 6, 1931, transferred all the assets of the business to the corporation in exchange for its capital stock. Upon the transfer, the cor*233poration assumed and agreed to pay all existing obligations of Robinson incurred in connection with his business. On January 12th, this court, upon a bill in equity filed by a creditor, appointed receivers for the conservation of the company’s assets. Subsequently South Atlantic Company, a judgment creditor of…