Legal Opinion
Veeder v. Public Service Holding Corp.
Court of Chancery of Delaware
Decided February 10, 1947PublishedCited by 3 opinions
1Opinion of the Court
Harrington, Chancellor:
By an order dated May 26, 1939, this court appointed Clair J. Killoran, of Wilmington, receiver for Public Service Holding Corporation. The bill alleged insolvency in that the corporation was unable to pay its debts as they matured in the usual course of business. See Whitmer v. William Whitmer & Sons, Inc., 11 Del. Ch. 222, 99 A. 428; Freeman v. Hare & Chase, 16 Del. Ch. 207, 142 A. 793.
The answer of the corporation admitted the allegations of the bill.
Public Service Holding Corporation was not engaged in any business enterprises, but was merely the holder and owner of…
2Cases cited8 opinions
- Buell v. Kanawha Lumber Corp.District Court, E.D. South Carolina · 1912
- R. H. McWilliams, Jr., Co. v. Missouri-Kansas Pipe Line Co.Court of Chancery of Delaware · 1936
- Fuller v. Memphis Street Ry. Co.Court of Appeals for the Sixth Circuit · 1936
- Freeman v. Hare & Chase, Inc.Court of Chancery of Delaware · 1928
- In Re Paramount-Publix CorporationDistrict Court, S.D. New York · 1934
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3Cited by3 opinions
- Southern Production Co. v. SabathSupreme Court of Delaware · 1952
- Perrine v. Pennroad Corp.Court of Chancery of Delaware · 1947
- Veeder v. Public Service Holding Corp.Supreme Court of Delaware · 1949