Farmers Union Warehouse Co. v. Coweta Fertilizer Co.

The Coweta Fertilized Company brought an equitable petition against the Farmers Union Warehouse Company, seeking to have a receiver appointed to take charge of the assets of the defendant. The plaintiff alleged that the defendant owed it the sum of $4,444, which represented more than one third of the unsecured indebtedness, and that the defendant was insolvent. On the hearing the presiding judge appointed a receiver, and the defendant excepted. The plaintiff did not proceed as having a lien on the assets sought to be placed in the hands of a receiver, but the action was based on section 2716…