Hill, Receiver v. Caldarera

The question is whether a receiver for an insolvent foreign corporation is entitled to certain funds in preference to an attaching creditor.

Stipulation of counsel shows issuance to appellees of a policy of automobile liability insurance by Republic Underwriters; damages; adjudication of insolvency March 30, 1938, by a Texas district court and appointment of Curtis E. Hill'as receiver; appellees’ suit against Republic Underwriters, with garnishment of insurance company funds in a Little Rock bank; the bank’s answer showing $502.50 on deposit; appointment (by the Pulaski circuit court, April…