In Re Hudson

In July, 1921, the Hudson Lumber Company, a Michigan corporation, through its directors, filed a petition for dissolution. About 90 days later three permanent receivers were appointed. The matter continued in the court until June, 1929, when the so-called second and third accounts of the receivers were allowed subject to exceptions being filed within a time limited. Appellants herein, being creditors, filed exceptions to the accounts. After a prolonged hearing in court, the receivers' accounts were modified and allowed. The objecting creditors have appealed. The issue is solely one of fact.

The…