56 P. 646 | Or. | 1899
after making the foregoing statement of facts, delivered the opinion of the court.
The statute of Indiana provided that a receiver might be appointed “in actions between partners:” Rev. St. 1881, § 1222. In Pressley v. Lamb, 105 Ind. 171 (4 N. E. 682), it appears that Alfred and John Harrison were partners doing a banking business at Indianapolis ; that they became insolvent, and a complaint was filed by one partner against the other, alleging, in substance, that they were bankers ; that “a run” had been going on by their depositors for several days, whereby their cash had been so reduced that they were .unable longer to continue business, and were insolvent; that, in order to prevent a multiplicity of suits, and to save the assets for their creditors, it was important that a receiver be appointed, etc. The other partner signed an answer admitting all the allegations of the complaint, and gave it to the complaining .partner, who presented both the complaint and answer to the judge in vacation, who, considering the proceedings as “an action” within the meaning of the statute, appointed a receiver. At the time these proceedings took place, Pressley was a creditor of the firm, and thereafter sued, and recovered judgment against its members for the amount of his debt. He thereupon filed a complaint setting out in detail the facts touching the appointment of the receiver, and charging that it was
In First Nat. Bank of Mauch Chunk v. United States Encaustic Tile Co., 105 Ind. 227 (4 N. E. 846), a receiver of the tile company was appointed upon the complaint of two of its stockholders alleging that the company was indebted in a large sum of money, and was unable to meet its paper in the due course of business, and was in imminent danger of insolvency; that it was employing a large number of hands, and had many valuable contracts outstanding, and a large stock of manufactured goods on hand; that it would be disastrous to the business of the corporation and to its creditors and stockholders if the operations of its factory should be stopped;