Farmville Oil & Fertilizer Co. v. Bourne

Tbe order in which the debts of a decedent must be paid is prescribed by section 93 of the Consolidated Statutes. Recognizing priority of classes, this statute provides for the administration of assets for the benefit of all the creditors according to definite and established rules. Trust Co. v. Lentz, 196 N. C., 398; Bowen v. Daugherty, 168 N. C., 242; Atkinson v. Ricks, 140 N. C., 418. It is founded on the theory that the question of priority among claims shall be determined upon the facts as they exist at the death of the debtor. Tarboro v. Pender, 153 N. C., 421.

The first class in section…