97 N.J. Eq. 536 | N.J. | 1925
The court of chancery on a bill and affidavits filed by the complainant, Greebaum, appointed a receiver for the Lafayette
Broad Realty Corporation in the person of A.M. Reynolds, with directions to conduct the business of the corporation. The receiver took control of the property of the company and proceeded to administer his trust. On appeal the court of errors and appeals reversed the order appointing the receiver in an opinion clearly evincing that the order of the court below was improvidently made and upon insufficient grounds. 2 N.J. Adv. R.996;
On July 21, 1924, the receiver filed his report setting forth the receipts and expenditures of the receivership, an unpaid claim for auditing his accounts of $135 and a balance in his hands of $859.35. Subsequently, on September 30th, 1924, he applied for and was granted an order allowing him $750 for his services, and directing that this sum, together with the item of $135 for auditors' fees, be paid out of the fund in the receiver's hands. From this order an appeal is taken to this court by the defendant, the Lafayette Broad Realty Corporation.
The right of a receiver to be paid his costs and expenses from the corpus of the estate which he is called on to administer is fully considered and discussed in an opinion filed in Seidler
v. Branford Restaurant, Inc., No. 34, of the present term of this court,
For reversal — None.