Wasatch Livestock Loan Co. v. Nielson

ELIAS HANSEN, Chief Justice.

This appeal is prosecuted by the Wasatch Livestock Loan Company, hereinafter referred to as the loan company, from a judgment in which the court below ¿djudged and decreed that a mortgage held by it is inferior to claims of general creditors of William L. Madsen, deceased. The mortgage held by the loan company was executed by William L. Madsen and his wife. It covers a band of sheep. Claims of creditors were, at the time the loan company brought suit to foreclose its mortgage, approved by S. M. Nielson, administrator of the estate of William L. Mad-sen, deceased,…