1 Edw. Ch. 33
Decided June 20, 1831
New York Court of Chancery · decided 1831-06-20
The complainant and defendant had been partners as watchmakers. The former became dissatisfied with the latter and a bill was filed for a dissolution of the partnership and for an account. It appeared by the bill, that the complainant had taken into his own possession the stock in trade. He now, by a petition, asked for a receiver.
Cited by 1 later decisions — most recently August 1915
1 state decisions
Good law ✅— No negative treatment on recordhow we know
Decided 1831-06-20
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¶1There can be no ground for a receiver in a case of partnership where the partner applying has the property in his own possession. He can, as a partner, seU it* The only liability which attaches to him is that of ac-' counting to the other partner for his share of the property, and if the latter does not object, he who has the possession ought not to complain.
¶2Motion denied.