Bloch Bros. v. Sol Heller's Sons Inc.

Opinion by

Gawthrop, J.,

At the suit of a creditor Sol Heller’s Sons, Inc., was decreed insolvent on October 9, 1929, and Fred B. Davis and Ralph Heller were appointed receivers, and they duly qualified. The stock and fixtures were appraised at $11,837.55. On November 8, 1929, the receivers were authorized to sell the stock and fixtures for the sum of $10,000, at private sale, to Harry S. Friedman, and the sale was made. On November 26, 1929, Davis, receiver, petitioned the court to remove Heller as a receiver, on the ground that he had been interested as a purchaser of the property authorized…