Gaffney v. Piper
Gaffney v. Piper
Opinion of the Court
This is a certiorari to the district judge of the second judicial district in and for Latah county. The case as presented by the record is briefly this: The bank of Genessee, a corporation, filed its petition in involuntary bankruptcy under the provisions of sections 5880 and 5882 of the Revised Statutes of Idaho, as amended by the laws of the third session of the Idaho legislature. (See Sess. Laws 1895, pp. 76, 77.) By section 5882, as amended, it is provided that: “In electing an assignee, the opinion of the majority in amount of claims must prevail.” At a meeting of the creditors of said corporation, called in pursuance of the statute, the plaintiff was elected assignee by the vote of a majority in amount of the creditors of
Reference
- Full Case Name
- GAFFNEY v. PIPER, Judge
- Status
- Published
- Syllabus
- Bankruptcy — Election of Assignee. — In involuntary bankruptcy-under the laws of the state of Idaho, the election of an assignee by a majority in amount of the claims proven, must prevail, and it is-error for the court to disregard their action and appoint anassignee of its own selection. (Syllabus by the court.)