Sullivan v. James Leo Co.

Two questions require decision in this cause.

1. Are the fees of the receivers, of their counsel and costs of administration entitled to priority to the proceeds resulting from the sale, by the receivers, of certain of the property and assets of the insolvent defendant corporation, or are the taxes due to the city of Jersey City thereon entitled to priority when, as here, those taxes were assessed and became due during the administration of the insolvent corporation by the receivers but subsequent to the time when the court of chancery had already impressed the property to be sold with a prior…