(Download) "Goertz v. Backman" by October Term, 1949 Court of Appeals of Maryland No. 177 " eBook PDF Kindle ePub Free
eBook details
- Title: Goertz v. Backman
- Author : October Term, 1949 Court of Appeals of Maryland No. 177
- Release Date : January 07, 1950
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 52 KB
Description
The equity case in which this proceeding arose was instituted in October, 1948, by Luther J. Smith and wife and Hale M. Hamilton and wife against General Erectors, Inc., a building corporation, and John T. Backman, trustee. The bill of complaint alleged that the corporation had sold to each of the complaining couples an uncompleted house in Ingleside Manor, but that it owed large amounts for taxes, labor and materials, and had stopped all construction work. The bill further alleged that the corporation had borrowed sums from Irvington Federal Savings and Loan Association of Baltimore City, and had deposited them with Backman as trustee. The bill prayed for a receiver and an injunction to restrain Backman from paying any of the funds which he held as trustee. In November, 1948, the Court appointed Harry E. Goertz receiver. In March, 1949, the Court dissolved the corporation. When the case against Backman came on for hearing, the receiver appeared, but no testimony was offered by complainants. Accordingly the Court on October 19, 1949, dismissed the bill as to the trustee.