Richardson v. Rogers ex rel. Hitchcock

The Alpena Lumber Company is a domestic corporation which was organized for manufacturing purposes under our general law, in the year 1874. It recovered a judgment in the circuit court for Alpena county against Richardson & Go. for about a thousand dollars and the judgment was affirmed in this court at the January term for 1879: 40 Mich. 203.

During the pendency of that suit the corporation claimed to be insolvent and took measures to assign all its property to Bishop and Beekman for the benefit of its creditors.

The proceedings to accomplish this end were singular. The directors met at…