Bedford v. Newark Machine Co.
New Jersey Court of Chancery
An injunction having been issued against the defendants as an insolvent corporation, under the “ act to prevent frauds by incorporated companies,” receivers were appointed who are now settling the affairs of the company. The receivers have filed their petition, asking the direction of the court in the disposition of the funds in their hands.
1Opinion of the Court
The Chancellor.
The bill in this case was filed on the twenty-third of October, 1861, and an injunction thereupon issued against the defendants as an insolvent corporation, restraining them from exercising their corporate powers.
On the twenty-ninth of October, 1861, receivers were appointed, by whom the affairs of the company are being settled, and who now ask the direction of the court in the disposition of the funds in their hands.
The company was incorporated under the provisions of the act of 1849, authorizing the establishment of manufacturing companies, and of the supplements thereto.…
2Cited by3 opinions
- Walls v. North Mississippi Med. CenterMississippi Supreme Court · 1990
- Gleason v. Chemical Dye Corp.New Jersey Court of Chancery · 1933
- McGraw Hill Pub. Co. v. Sloan ChanceNew Jersey Court of Chancery · 1929