Wilson v. CRAB ORCHARD DEVELOPMENT COMPANY

The case of Estridge v. Denson and Paving Co. v. Denson and Wilson v. Denson, 270 N.C. 556, 155 S.E. 2d 190, held that at the time the plaintiffs therein (including plaintiff herein) sought to levy upon the certificates of deposit involved here to pay off judgments obtained against Denson, Denson did not own the certificates of deposit. The court ruled that the certificates were the property of Crab Orchard as the result of a valid transfer for a valuable consideration. The court specifically declined to discuss whether the transaction amounted to an assignment for' benefit of creditors or…