In re the City Contracting & Building Co.
In re the City Contracting & Building Co.
Opinion of the Court
The petition of four members of this co-partnership, for adjudication of the firm as a voluntary bankrupt, was signed by one of them with the words “For City Contracting & Building Company” written below his name; it was also verified by him in behalf of the company though in a form not approved for a case of this kind because, if verification by proxy be allowable at all, the showing of authority to verify for the other members was not distinct and unequivocal. Annexed to the petition were schedules of the assets and liabilities of the copartnership, but not of the individual members. After adjudication and upon motion of the creditors to require the alleged members (and others who, they averred, were also actually members of the firm and should be brought into the administration) to file schedules of their own personal assets and liabilities as contemplated by official form No. 2 prescribed by the Supreme Court, it appeared that one of the partners had not actually authorized, or consented to, the petition, and
To adopt the ruling of Judge Coxe in a similar case, In re Altman, 95 Fed. 263, 2 Am. B. R. 407, let the adjudication of bankruptcy be vacated. See 1 Remington on Bankruptcy, sec. 68. Also let the order appointig a trustee be set aside. Moreover, it appearing that the trustee has taken possession of assets of this firm, a motion will be entertained for his appointment as receiver under a proper bond to hold and preserve these assets and any other firm assets pending a new hearing of the petition upon due notice thereof to the non-joining partner- — the other partners who did not actually sign the petition having meantime appeared in open court and expressed then consent thereto and one of them
Reference
- Full Case Name
- IN THE MATTER OF THE CITY CONTRACTING & BUILDING COMPANY, A COPARTNERSHIP, AN ALLEGED BANKRUPT
- Status
- Published