Cook v. Moody

The opinion of the court was delivered by

Scott, C. J.

This action was brought in the nature of a creditor’s bill to wind up the affairs of the Belfast Shingle Company, a corporation, and cancel a mortgage on its property held by appellant, on the ground that an illegal preference had been given over the other creditors of the company, and resulted in a decree adjudging it insolvent, appointing a receiver therefor and setting aside the mortgage and sale thereunder. The appeal is taken from that part of the decree holding the appellant’s mortgage invalid. The evidence is not brought here and the…