Holeman

Holeman v. Natural Soda Products Co.

Good Law
96 F.2d 277·1938 U.S. App. LEXIS 3477
United States Court of Appeals for the Ninth CircuitApril 25, 1938No. 8705California1,206 words

Opinion

Lead Opinion

Denman, J.

This appeal involves creditors’ objections to the District Court’s approval of the final account of David B. Scott, equity receiver of an insolvent corporation, Natural Soda Products Company.

There is no evidence in the record. The appeal concerns only matters of law as applied to the facts found by the court. Those facts are as follows:

An action against the Soda Products Company was commenced in 1927 and appellee receiver appointed by an order which recited:

“It is further order that until the further Order of this Court said Receiver is further authorized to take immediate and full possession of all property and assets of every kind belonging to said Defendant, or to which said Defendant may become entitled for the purpose of managing and operating the business of said Defendant; that said Receiver shall continue to conduct the business of the Defendant Corporation, as he to his best discretion-may find proper and as authorized by the Court and that said Receiver do any and all things necessary and proper to preserve and protect the property, business, and assets of the Defendant Corporation, with full power to employ and discharge all managers, officers, employees, and…

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