Bank of Louisville v. Lockridge
Court of Appeals of Kentucky
Case 86 — PETITION EQUITY APPEAL FROM LOUISVILLE CHANCERY COURT. The decisions of this court have fixed the method of distribution of an estate under a voluntary assignment where a creditor holds security for his debt.
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Case 86 — PETITION EQUITY APPEAL FROM LOUISVILLE CHANCERY COURT. The decisions of this court have fixed the method of distribution of an estate under a voluntary assignment where a creditor holds security for his debt. (Logan v. Anderson, 18 Ben Mon., 114; German Security Bank v. Jefferson, 10 Bush, 330; Citizens’ Bank of Paris v. Patterson, 78 Ky., 294; Spratt’s Ex’rs v. First National Bank, 84 Ky., 87.) The rule in regard to the distribution of the estate of an insolvent decedent, where a creditor held security, was 'never fully settled until the case of Spratt’s Executors v. First National…
1Opinion of the Court
JUDGE PRYOR
delivered the opinion op the court.
S. Gaye, Jr., & Co. borrowed divers sums of money from the Bank of Louisville for which notes were executed, and to secure their payment various collaterals were pledged. Gaye & Co. becoming insolvent and the bank being desirous of making its debt more secure, obtained the pledge of other collaterals, when a creditor of the firm, Charles Loekridge, instituted his action under the statute enacted to prevent preferences by debtors contemplating insolvency, and obtained a judgment determining that the pledge of the additional securities brought the…
2Cases cited3 opinions
- Citizens' Bank v. PattersonCourt of Appeals of Kentucky · 1880
- German Security Bank v. JeffersonCourt of Appeals of Kentucky · 1874
- Spratt's Ex'x v. First National BankCourt of Appeals of Kentucky · 1886
3Cited by6 opinions
- Tod v. Kentucky Union Land Co.U.S. Circuit Court for the District of Kentucky · 1893
- Marbury v. Kentucky Union Land Co.Court of Appeals for the Sixth Circuit · 1894
- BancoKentucky Co.'s Receiver v. National Bank of Kentucky's ReceiverCourt of Appeals of Kentucky (pre-1976) · 1939
- Hazelrigg v. DouglassCourt of Appeals of Kentucky · 1907
- In re Floyd & Bohr Co.District Court, W.D. Kentucky · 1912
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