Hooven Mercantile Co. v. Evans Mining Co.
Supreme Court of Pennsylvania
Appeal, No. 104, Jan. T., 1899, by McCahan & Cooper, from order of C. P. Carbon Co., Oct. T., 1885, No. 1, overruling exceptions to master’s report. Bill in equity for a receiver. Exceptions to master’s report.
Read the full summary
Appeal, No. 104, Jan. T., 1899, by McCahan & Cooper, from order of C. P. Carbon Co., Oct. T., 1885, No. 1, overruling exceptions to master’s report. Bill in equity for a receiver. Exceptions to master’s report. Before Craig, P. J. Thomas C. McCahan and John W. Cooper, trading as Mc-Cahan & Cooper, the appellants, are creditors for goods sold and delivered to the defendant, which has a capital stock of $150,000 subscribed for in cash, of which, according to their sworn statement, ten per cent, or $15,000, was paid in cash. Appellants contended before the master that they should be paid in…
1Opinion of the Court
Opinion by
Mr. Justice Green,
The bill in this case was filed by a creditor of the corporation defendant, alleging the insolvency of the company and asking the court to take charge of the property and assets of the defendant and to appoint a receiver for that purpose. It was not a creditor’s bill filed against the corporation and its stockholders for the purpose of enforcing the payment of unpaid capital stock for the benefit of all the creditors, by means of an assessment to be made by the court upon the stockholders of the company defendant of an amount of unpaid capital stock sufficient to…
2Cases cited3 opinions
- Ashhurst's AppealSupreme Court of Pennsylvania · 1868
- Watts's AppealSupreme Court of Pennsylvania · 1874
- Patterson v. FranklinSupreme Court of Pennsylvania · 1896
3Cited by6 opinions
- Gordon v. Hartford Sterling Co.Supreme Court of Pennsylvania · 1944
- Erie Drug Co. CaseSupreme Court of Pennsylvania · 1964
- Northrop v. Finn Construction Co.Supreme Court of Pennsylvania · 1918
- Mount Sharon Cemetery CharterSupreme Court of Pennsylvania · 1923
- Com. ex rel. MacCarter v. Mount Lawn Cemetery, Pennsylvania Court of Common Pleas, Delaware County1930
1 more not listed; retrieve them via the Exa API.