Tri-Lake Construction Co. v. Northam, Rec.

On November 1,1929, The Provident Trust Company, a banking institution of Columbia City, was adjudged insolvent by the Whitley Circuit Court, and the appellee was appointed as receiver to liquidate and wind up its affairs. The appellant, as a creditor of the trust company, filed a petition in the receivership proceedings, seeking a judgment, allowing its claim and ordering it paid as a preferred claim. To this petition the appellee filed an answer in general denial. The issues thus tendered were tried by the court, who made a general finding reading as follows: “The court having heard the…