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PUSEY & JONES CO. v. HANSSEN

No. 431.

261 U.S. 491 (1923)

43 S.Ct. 454

67 L.Ed. 763

THE PUSEY & JONES COMPANY v. HANSSEN.

Supreme Court of United States.

Decided April 9, 1923.

Attorney(s) appearing for the Case

Mr. Lindley M. Garrison, with whom Mr. Charles H. Tuttle, Mr. Selden Bacon and Mr. Saul S. Myers were on the briefs, for petitioner.

Mr. William H. Button, with whom Mr. John P. Nields and Mr. Wm. G. Mahaffy were on the brief, for respondent.

MR. JUSTICE BRANDEIS delivered the opinion of the Court.

Section 3883 of the Revised Code of Delaware, 1915 (which embodies the Act of March 25, 1891, c. 181, 19 Del. Laws, p. 359) provides:

"Whenever a corporation shall be insolvent, the Chancellor, on the application and for the benefit of any creditor or stockholder thereof, may, at any time, in his discretion, appoint one or more persons to be receivers of and...

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