Howard v. Corn Belt Farmers' Co-operative Ass'n

The appellant, John 0. Howard, as complainant, filed a bill in equity in the circuit court of McLean county for the appointment of a receiver for the Corn Belt Farmers’ Co-operative Association, an Illinois corporation. The bill alleged that the assets of the association were insufficient to pay its debts, and that there was danger that the assets would be dissipated and lost to the creditors unless a receiver were appointed. A receiver was appointed who took charge of the property and assets of the association. The bill also alleged that the appellant had been induced to become a purchaser…