Consolidated Pecan Sales Company v. Savannah Bank & Trust Company

Pannell, Judge.

Savannah Bank & Trust Company of Savannah and the Florida National Bank of Jacksonville brought an action against Consolidated Pecan Sales Company and two officers of the company as individuals, alleging that the corporation was indebted to the two banks and alleging that certain securities such as accounts receivable, warehouse receipts, etc., were either non-existent or fraudulent, and alleging all the defendants to be insolvent, prayed for the appointment of a temporary receiver and for an injunction against any further dissipation or disposition of the assets of the…