Curran & Burton, Inc. v. Inter-City Fuel Oil, Inc.

This is a petition by the mortgagees of the respondent corporation to have certain proceeds of accounts receivable which were collected by the receiver of said corporation declared their property under the mortgage. From a decree of the superior court denying the petition and instructing the receiver to retain such proceeds the mortgagees have appealed to this court.

It appears from the record that on October 23, 1953 Romeo N. Berthiaume, then doing business as Inter-City Fuel Oil Co., gave a chattel mortgage, properly recorded, securing a $6,000 note to Lionel H. Savoie and Anna Savoie. This…