National Surety Corporation v. Sharpe

This appeal necessitates an examination of the rules of practice and procedure in the presentation, proof, and payment of claims in receiverships. They may be summarized as follows:

1. Under the Code of Civil Procedure, “any judge of the Superior Court with authority to grant restraining orders and injunctions has jurisdiction” in proper eases' to appoint a receiver to collect and preserve the assets of an insolvent debtor, to ascertain who are his creditors, and to administer his assets for'the benefit of his creditors and all others concerned. G.S. 1-501; McIntosh: North Carolina Practice…