American Card Co. v. H. M. H. Co.

This is a partnership creditors’ claim for priority as a valid security interest under the uniform commercial code, G. L. 1956, Title 6A. The claim was duly filed in the above-entitled equity receivership proceeding and upon consideration the receivers recommended disallowance as a secured claim but allowed it as a general claim. After a hearing thereon in the superior court, a decree adopting the recommendation of the receivers was entered and from that decree the claimants have appealed to this court.

The sole question for our determination is whether the superior court erred in holding that…