In Re Distillers Factors Corp.
Court of Appeals for the Third Circuit
1Opinion of the Court
HASTIE, Circuit Judge.
This appeal is from an order of the United States District Court for the District of New Jersey dismissing sua sponte appellant’s petition for an arrangement under Chapter XI of the Bankruptcy Act.
Appellant is a New Jersey corporation. For more than one hundred years, New Jersey has provided a statutory proceeding in the interest of creditors, stockholders, and the public at large, whereby a corporation may be disabled from exercising its franchise upon a showing that the corporate privileges which the state has granted are being abused. 1 On November 27, 1947, a…
2Cases cited17 opinions
- Bank of Columbia v. OkelySupreme Court of the United States · 1819
- Securities & Exchange Commission v. United States Realty & Improvement Co.Supreme Court of the United States · 1940
- Stellwagen v. ClumSupreme Court of the United States · 1918
- Pennsylvania v. WilliamsSupreme Court of the United States · 1935
- Chicago Title & Trust Co. v. Forty-One Thirty-Six Wilcox Bldg. Corp.Supreme Court of the United States · 1937
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3Cited by9 opinions
- Gelatt v. DeDakisWisconsin Supreme Court · 1977
- Securities and Exchange Commission v. An-Car Oil Company, Inc., Cyrus W. Partington, Intervenors-AppellantsCourt of Appeals for the First Circuit · 1979
- Matter of Ofty Corp.United States Bankruptcy Court, D. Delaware · 1984
- In Re Donaldson Ford, Inc.United States Bankruptcy Court, N.D. Ohio · 1982
- Securities & Exchange Commission v. Arkansas Loan & Thrift Corp.District Court, W.D. Arkansas · 1969
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