Ostrander-Seymour Co. v. Grand Rapids Trust Co.

HICKENLOOPER, Circuit Judge.

On August 16, 1926, appellant sold certain chattel property comprising an engraving plant and equipment to the Powers-Tyson Corporation, a Michigan corporation, reserving a security title for approximately $7,-500 of the purchase price.' On January 13', 1928, the circuit court for Kent county, Mich., appointed a receiver for the Powers-Tyson Corporation, a Delaware corporation, which had theretofore succeeded to the possession of the engraving plant. Appellant intervened- in that action by filing a petition to reclaim the engraving plant upon the assumption that it…