Commonwealth v. Overholt

Citations

• 23 Pa. Super. 199
• 1903 Pa. Super. LEXIS 39

Syllabus

<p>Beceiver — Corporation—Custody of property.</p> <p>The effect of the appointment of a receiver is to remove the parties to the suit from the possession of the property, but at the same time the right to the property is in no way affected by such appointment and the receiver merely holds the property as a custodian for the benefit of him who may be ultimately entitled to it.</p> <p>A corporation is not extinguished by the appointment of a receiver and it may after such appointment hold meetings and elect officers, without leave of the court.</p>