Penn Mutual Life Ins. Co. v. Cudd

The opinion of the Court was delivered by

Mr. Chiee Justice BeEase.

Upon the application of C. H. Dixon, as receiver of the First National Bank of Gaffney, suing on behalf of himself and other creditors of J. N. Cudd, his Honor, Judge Sease, ordered a receivership as to the estate of Mr. Cudd, which appears to be a very valuable one, consisting of a great amount of personal property and large holdings of real estate. It seems that, for reasons he deemed wise at the time, Mr. Cudd consented to the receivership.

A little later, the petitioner-appellant, holder of a mortgage of real estate,…