In re the Oshkosh Mutual Fire Insurance
Wisconsin Supreme Court
APPEAL from the Circuit Court for Winnebago County. The appeal is from an order denying an application by the attorney general for an order that the Oshltosh Mutual Fire Insurance Qonvpawy show cause why its business should not be closed and a receiver appointed for that purpose. An action had previously been commenced by R. McMillen and others, officers and directors of said company, for a dissolution of the company, an injunction, the appointment of a receiver, etc.
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APPEAL from the Circuit Court for Winnebago County. The appeal is from an order denying an application by the attorney general for an order that the Oshltosh Mutual Fire Insurance Qonvpawy show cause why its business should not be closed and a receiver appointed for that purpose. An action had previously been commenced by R. McMillen and others, officers and directors of said company, for a dissolution of the company, an injunction, the appointment of a receiver, etc. Other facts will appear from the opinion.
1Opinion of the Court
Cole, O. J.
It is claimed, on tbe part of tbe appellant tbat tbe action instituted by E. McMillén and others, officers and board of directors of tbe respondent, and all tbe proceedings therein, were unauthorized and void. Is tbat position sound? Tbat action was brought to adjust, settle, and wind up tbe business of tbe corporation. Tbe plaintiffs ask for an injunction, and tbe appointment of a receiver to take charge of tbe property of-the corporation, convert its assets into money, collect its debts, and close out its affairs under tbe direction of tbe court. A dissolution of tbe corporation…
2Cited by2 opinions
- Davis v. ShearerWisconsin Supreme Court · 1895
- Gager v. Bank of EdgertonWisconsin Supreme Court · 1899