Schultz v. Commonwealth Mortgage Co.
Court of Chancery of Delaware
Petition for Rule 'requiring receivers-and the defendant company to show cause why the Chancellor should not summarily order a meeting of stockholders for the election of directors of the defendant company.
1Opinion of the Court
• The Chancellor.
Receivers of the Commonwealth Mortgage Company, a Delaware corporation, having been appointed *105by this court, a stockholder who had been allowed to intervene in the cause in June, 1919, applied among other things for an order for an election of directors of the company, alleging that no meeting of stockholders had been held according to its charter and by-laws, and that the last election was held in January, 1918.
In Minnesota where part of the assets of the corporation were located, and where the company was doing business, a receiver had been appointed before the suit for the…
2Cases cited1 opinion
- In re JacksonCourt of Chancery of Delaware · 1911
3Cited by1 opinion
- In re the Tonopah United Water Co.Court of Chancery of Delaware · 1927