Dobbins v. Walton
Supreme Court of Georgia
Equity. Assignment. Lien. Decided by Judge Gibson. Richmond Superior Court. January Term, 1868. The assignees of the Augusta Insurance and Banking Company, for the benefit of its creditors, haying filed their bill to carry out their trust, and, the creditors being before the Court to have their respective rights in the assets adjusted, this state of facts presented itself— McCallie & Jones, at the date of the assignment, held a policy of insurance, issued hy said'assignor,…
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Equity. Assignment. Lien. Decided by Judge Gibson. Richmond Superior Court. January Term, 1868. The assignees of the Augusta Insurance and Banking Company, for the benefit of its creditors, haying filed their bill to carry out their trust, and, the creditors being before the Court to have their respective rights in the assets adjusted, this state of facts presented itself— McCallie & Jones, at the date of the assignment, held a policy of insurance, issued hy said'assignor, the insured proerty was burnt, they brought suit against the assignor'on said policy for $3,291 74 with interest and…
1Opinion of the Court
^Walker, J.
The Augusta Insurance and Banking Company being unable to pay its debts, assigned all of its property, real and personal, to trustees who were authorized to dispose of the same “by dividing the entire net fund among the creditors of .said company of every sort and description, with no other preference than is or may be authorized by law.” In directing the order in which the trustees should pay out the funds the Court decided that the holders of the bills of the Bank? by th.e laws of Georgia, have no preference over other credit- or’s liquidated demands.
This ruling was excepted to,…
2Cases cited1 opinion
- Knowles v. LordSupreme Court of Pennsylvania · 1839
3Cited by6 opinions
- Seay v. Bank of RomeSupreme Court of Georgia · 1881
- Crine & Daniel v. DavisSupreme Court of Georgia · 1881
- Fouche v. BrowerSupreme Court of Georgia · 1885
- Scott v. Nat. City Bk. of TampaSupreme Court of Florida · 1931
- Gresham v. CrosslandSupreme Court of Georgia · 1877
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