Kelso v. American Investment & Improvement Co.

Citations

• 50 Wash. 381
• 97 P. 294
• 1908 Wash. LEXIS 742

Syllabus

<p>Corporations — Insolvency — Receivers — Fraudulent Conveyances. A receiver is properly appointed for an insolvent corporation, at the suit of creditors, and the complaint states a cause of action, where it appears that it was, from its inception, a fraudulent scheme on the part of its promoter, that it fraudulently assumed to make sales of property to the plaintiffs without having any title, and that it was without any assets and had conveyed to its promoter and chief stockholder all its property with intent to defraud its creditors.</p>