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INDPLS. MACH. CO. v. CURD ET AL.

No. 30,929.

247 Ind. 657 (1966)

221 N.E.2d 340

INDIANAPOLIS MACHINERY CO., INC. ET AL. v. CURD ET AL.

Supreme Court of Indiana.

Filed November 16, 1966.

Attorney(s) appearing for the Case

Alan H. Lobley, Theodore R. Dann, and David M. Lewis, and Ice, Miller, Donadio & Ryan; Dann, Backer & Pecar; and Lewis & Shortridge, of counsel, of Indianapolis, for appellants.

John F. Linder, William H. Krieg, Richard D. Wagner, and David F. Rees, and Krieg, De Vault, Alexander & Capehart, of counsel, of Indianapolis, for appellees.

ARTERBURN, J.

This is an appeal from the appointment without notice of a receiver of the assets of the Indianapolis Machinery Co., Inc. Profit Sharing Trust and the Indianapolis Machinery Co., Inc. Profit Sharing Plan. The Plan and the Trust were established in 1952 by the Indianapolis Machinery Co., Inc. for the benefit of its employees and officers upon retirement. Its assets are now in excess of half a million dollars. The written articles of both the Plan...

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