Duryee v. United States Credit System Co.

Emery, V. C.

This is an appeal by the city of Newark from the disallowance of a claim for taxes, presented to the receiver of the United States Credit System Company, an insolvent corporation. The claim was presented as a preferred claim, but was disallowed by the receiver as not being a valid claim, either preferred or general.

The receiver by virtue of his appointment became entitled, under the statute (-Corporation act of 1896 § 66 ; Id. 1874 § > Rev. p. 189), to the possession of all the goods and chattels of the insolvent corporation, including the personal tangible property in the…