Morris v. Imperial Cap Co.
Michigan Supreme Court
Appeal from Wayne; Hosmer, J. Bill by Edmund A. Morris against the Imperial Cap Company, Limited, James McKnight, Adolphus Fixel, and others, tc enjoin the payment of certain claims against defendant company. From a decree dismissing the bill, complainant appeals.
1Opinion of the CourtMontgomery, J.
The Imperial Cap Company, Limited, was, prior to February 10, 1902, engaged in manufacturing. The complainant was a stockholder. The defendant James McKnight was also a stockholder and chairman.. The company, having met with a fire loss, determined on the date named to go into liquidation. Thereupon three liquidating trustees were appointed under the statute (2 Comp. Laws, § 6087). The liquidating trustees procured an order from the circuit court of Wayne *477county authorizing them to manufacture the stock on hand, and to hire the necessary employés for that purpose. Defendant James McKnight was…
2Cases cited4 opinions
- Higgins v. LansinghIllinois Supreme Court · 1895
- St. Louis, Fort Scott & Wichita Railroad v. ChenaultSupreme Court of Kansas · 1886
- Inglehart v. . Thousand Island Hotel Co.New York Court of Appeals · 1888
- Appeal of HammondSupreme Court of Pennsylvania · 1889