Deputy v. Delmar Lumber Manufacturing Co.

Citations

• 10 Del. Ch. 101
• 85 A. 669
• 1913 Del. Ch. LEXIS 6

Syllabus

<p>While the amount of compensation of receivers is discretionary, and based upon the particular facts in each case, the court should consider the responsibility assumed by the receiver, the labor and acts involved, and prices usually paid for similar services in connection with the particular kind of business.</p> <p>It is no duty of a receiver or court to establish a new corporation to avoid the expense of a receivership, and the receiver should not receive compensation for endeavors in that direction.</p> <p>Compensation to counsel for a receivership should be limited to such work done for the receivers as requires special legal skill, and not such things as the receiver himself is capable of performing.</p> <p>Services of an attorney of a receiver in formulating a re-organization plan will not be allowed; it not being a duty of a receiver to re-organize a corporation.</p>