New York Court of Appeals

Theophilus D. Powell, as Receiver, Respondent v. Alfred Waldron, Appellants

May 30, 188289 N.Y. 328

Summary

The Court affirmed the lower court's judgment, holding that a seat in the New York Cotton Exchange is property that passes to a receiver, that any alleged irregularities in the receiver's appointment are waived by the debtor's consent, and that the denial of a jury trial was proper because the action was equitable.