Saracco Tank & Welding Co. v. Platz

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• “all of the assets of a corporation, immediately on its becoming insolvent, become a trust fund for the benefit of all of its creditors”
• liability for dereliction imposed on directors for wrongful distribution of all assets of insolvent corporation for payment to preferred creditors

Source: CourtListener parenthetical corpus (CC0).