Lees v. Industrial Trust Co.

This case, being at issue on its merits, was certified for determination to this court by the superior court under the provisions of general laws 1938, chapter 545, § 4, an agreed statement of facts having been filed in that court by the parties.

The case is an action of assumpsit brought by the plaintiff, as receiver of an insolvent corporation, to recover from the defendant certain funds which he alleges are assets of said corporation.

The following material facts appear in said agreed statement. On February 13, 1933 The Carroll Worsted Mills, Inc. executed and delivered for good…