Bennett-Ireland, Inc. v. American Aluminum Products Co.

This is a receivership proceeding in which we are called upon to review the relative priorities of certain claims as fixed by the trial court.

The case originated in an action instituted by a material-man in which it sought judgment against American Aluminum Products Co., Inc., for materials sold and delivered, and asked for the appointment of a receiver to liquidate the corporation’s assets for the benefit of its creditors. The corporation admitted it was insolvent, and on February 17, 1960, the appointment of a receiver was ordered. Prior to that time, the Washington State Tax Commission,…