Sprague v. L. D. Margolis Co.
Sprague v. L. D. Margolis Co.
Opinion of the Court
The respondent corporation carries on a business which was to some extent, at least, independent of the Eastern Tea & Coffee Company, having goods honestly belonging to it and creditors to whom it is indebted. There is no allegation that it is insolvent. Margolis has been and is the controlling factor in it. There is no doubt that it was used by him to conceal property from his creditors. The principal reason urged for the appointment of a receiver is to assist the trustee in bankruptcy of Margolis in tracing property fraudulently concealed from his creditors by Margolis through the
The application for the appointment of a receiver at this time is therefore denied.
Reference
- Full Case Name
- SPRAGUE v. L. D. MARGOLIS CO. In re EASTERN TEA & COFFEE CO.
- Status
- Published