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80 Ill. 467

Coates v. Cunningham

Illinois Supreme Court

Decided September 15, 1875

Illinois Supreme Court · decided 1875-09-15

Writ of Error to the Superior Court of Cook county; the Hon. Samuel M. Moore, Judge, presiding. This was a bill in chancery, filed by Alexander Cunningham, for himself and in behalf of all other creditors of the Bank of Chicago, against Isaac P. Coates, the Bank of Chicago, the president of the bank, and others. The object of the hill is stated in the opinion.

Relies on In re the Estate of Colvin · Ellicott v. Warford · Woodside v. Woodside

Good law ✅— No negative treatment on recordhow we know

Decided 1875-09-15

How this case has been cited

Cited by 21 later decisions — most recently October 1979

1 federal appellate · 1 district · 19 state decisions

9018751880189019001910192019301940195019601970decided

Later decisions citing this case, by decade. The current decade is in progress, and our corpus holds fewer opinions from the most recent years, so the latest bars are undercounted — not a real decline.

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Mr. Justice Scholfield

¶1delivered the opinion of the Court:

¶2The attempt is here made to prosecute a writ of error upon a decree appointing a receiver.

¶3The prayer of the bill is, that after the assets of the bank shall be exhausted, the several stockholders shall be decreed to pay the balance of complainant’s judgment, gyro rata; that a receiver be appointed; that the defendant, The Third ¡National Bank of Chicago, be decreed to deliver to the receiver the surplus of collaterals; that the assignment to Coates be declared void, and he be decreed to release the property held by him to the receiver; that the assets of the bank be applied to the payment of its indebtedness; that the liability of the stockholders be ascertained, and each be decreed to pay his share of an amount necessary to liquidate the indebtedness,'etc.

¶4“ The appointment of the receiver does not determine any right nor affect the title of either party, in any manner whatever. He is the officer of the court, and his holding is the holding of the court for him from whom the possession was taken. He is appointed on behalf of all parties, and his appointment is not to oust any party of his right to the possession, but merely to retain it for the benefit of the party ultimately entitled; and when he is ascertained, the receiver will be considered as his receiver.” Elliott v. Warford, 4 Md. 80; Matter of Colvin, 3 Md. Ch. 280. See, also, Porter v. Williams and Clark, 9 N. Y. (5 Selden) 142; 2 Story’s Equity, § 831, 833, 833 a.

¶5It is plain no final decree was rendered, nor could such a decree have been rendered without ascertaining’ and determiiiing the rights of the several parties, which it is not pretended was attempted.

¶6The decree was purely interlocutory. Adams’ Equity (6 Am. ed.) 684-5, 689; Nichols v. The Perry Patent Arm Co. 3 Stockton, 126; Forgay v. Conrad, 6 Howard, (U. S.) 204.

¶7It has often been held by this court, that a writ of error will not lie on such a decree. Pentecost v. Magahee, 4 Scam. 326; Hayes v. Caldwell et al. 5 Gilm. 35; Woodside et al. v. Wood-side et al. 21 Ill. 207; Fleece v. Russell et al. 13 id. 31; Keel v. Bentley, 15 id. 228.

¶8The writ of error must, therefore, be dismissed.

¶9Writ of error dismissed

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