Northern Neck State Bank, Inc. v. Gilrebt Packing Co.

On December 17, 1909, the Gilbert Packing Company, the defendant in error, a corporation operating a canning factory in Westmoreland county, finding itself heavily in debt, sold all of its cases of tomatoes stowed in its factory to Y. B. Hardwick, who was engaged in the canning business, and applied the proceeds of sale to certain of its debts, and on the 20th of the same month it sold its canning factory and machinery to Geo. P. Bailey, another canner, and distributed the proceeds of sale pro rata .among certain growers of tomatoes who had sold their crops to the company. On thé 29th of…