Parks v. United States Bankers' Corp.
U.S. Circuit Court for the District of Southern New York
In Equity. The bill prays dissolution of defendant corporation, and distribution of its property among those entitled thereto. The present application is for the appointment of some suitable person as temporary receiver.
1Opinion of the Court
LACOMBE, Circuit Judge.
This is a controversy between stockholders of a Maine corporation. The owners of 2,982 shares unite in prayer for appointment of receiver, the owners of 3,360 shares oppose the application. No creditor appears. On the contrary, there seem to be no creditors, while the assets are concededly about $20,000. There has been no judgment entered, nor execution returned unsatisfied, no receivers appointed in the home state, nothing to indicate insolvency, or the necessity of protecting the assets for the benefit of creditors. There is no reason why the parties should not take…
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