Palfrey v. His Creditors
Supreme Court of Louisiana
APrEAL PROM TIIE COURT OP THE PIRST JUDICIAL DISTRICT. This case comes before the court on an opposition filed by .the Bank of Louisiana, to the tableau of distribution of the funds of the estate of the plaintiff by the syndics of his creditors.
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APrEAL PROM TIIE COURT OP THE PIRST JUDICIAL DISTRICT. This case comes before the court on an opposition filed by .the Bank of Louisiana, to the tableau of distribution of the funds of the estate of the plaintiff by the syndics of his creditors. The counsel for the bank alleges, that it is not placed on the tableau as a mortgaged creditor for the sum of sixteen hundred and twenty dollars, being the amount of a note executed by H. W. Palfrey, and endorsed by L. Lesassier, and secured by a mortgage on certain slaves. The opposition alleges, these slaves have been sold by the syndics and the…
1Opinion of the CourtJWathews, J.
In this case the bank claims a preference and privilege on the proceeds of the sale of certain slaves, which were sold by tbe syndics of the insolvent, &c. This claim was allowed by the court below, from which Millaudon, who appears to be a creditor to a large amount, appealed.
The claim of the bank is founded on a transfer to that corporation, of a mortgage made by the insolvent to Louis Lesassier, to secure the latter against loss or damage, which he was liable to suffer in consequence (amongst other obligations assumed in favor of Palfrey, Dyson & Co.) of endorsing certain notes, for'the…
2Cited by1 opinion
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