Word: receivershipped
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...nonlawyer Senators, is a proceeding whereby a person having no legitimate interest in a law suit abets it with money or services in the hope of profit. Judge Ritter. the House managers asserted, had connived with his onetime partner and others to throw Whitehall, a Palm Beach hotel, into receivership, had thereupon granted Lawyer Rankin an exorbitant fee of $75,000, got $4,500 of it for himself...
Other charges were that Judge Ritter had practiced law after mounting the bench, filed false income tax returns for 1929 and 1930, accepted free meals & lodging at the Whitehall during receivership proceedings...
...Banks, insurance companies and corporations in receivership would be taxed a flat 15% of net income...
...only national bank ever chartered by Negroes. Then regarded as the No. U.S. Negro financier, Overton sluiced a considerable amount of Victory's funds into stock in his ailing bank. Upshot was that Victory lost its licenses in a number of States, whereupon Overton hastily put it in receivership...
...because of the higher mortality rate among Negroes, the Negro insurance company has, on the. whole, had a sorry record. It was largely through the efforts of Director Powell and his friends, that Victory had been able to enter the rich insurance market of Harlem. After Victory went into receivership, Director Powell succeeded in working out a reorganization plan, converting Victory from a stock company to a mutual company owned by its policy holders...