Hill v. Dealers Credit Corp.

In this case a custodial receiver was appointed for the Dealers Credit Association, incorporated under the laws of the State of Delaware. On the return day objection was made to the continuance of the receiver on the ground that this court has no jurisdiction to appoint a receiver of a foreign corporation which is not insolvent, as it would be interfering with its internal affairs.

The company, though incorporated in Delaware, never did business in that state. Its business is being conducted in this state. The complainants Hill and Bunn are admittedly officers and directors. Two of the…