Legal Opinion
In re Xelco Corp.
Court of Appeals of Washington
Decided April 13, 1981No. 4226-IIPublished
1Opinion of the CourtPearson, J.
The United States Government appeals a Superior Court order establishing priorities for distribution of assets in a voluntary dissolution proceeding. The Superior Court gave priority to the claims of wage earners of the company, Xelco Corporation, over the claims of the federal government. We reverse.
Xelco Corporation shareholders filed a petition for voluntary dissolution of the corporation on May 13, 1974, under RCW 23A.28.020. A receiver was appointed the next day. Among the creditors filing timely claims with the receiver were the Internal Revenue Service, the Defense Contract…
2Cases cited17 opinions
- United States v. City of New BritainSupreme Court of the United States · 1954
- United States v. Gilbert Associates, Inc.Supreme Court of the United States · 1953
- Conard v. Atlantic Ins. Co. of NYSupreme Court of the United States · 1828
- Bramwell v. United States Fidelity & Guaranty Co.Supreme Court of the United States · 1925
- Massachusetts v. United StatesSupreme Court of the United States · 1948
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