Michigan Supreme Court December 28, 1889 (J. A. Fay & Co. v. James Jenks & Co.)

Long, J.

On November 19, 1887, the defendant, a corporation under the laws of this State, and doing business in the city of Detroit, made a general assignment for the benefit of its creditors to Samuel T. Douglas. The indebtedness of the corporation at the time amounted to $32,288.