Parsell v. Thayer

Replevin was brought against the sheriff of Genesee for property held under levy, claimed by the plaintiff below by an instrument previously executed by the execution debtor.

The main question raised is whether the instrument was an assignment for the benefit of creditors, and void for not containing the legal requisites of such assignments.

It is upon its face a transfer to a bank for a valuable consideration of certain lands, machinery and lumber, of all book accounts, notes and demands. It is declared on its face to be given to secure $15,283.26 with interest at ten per cent., and it…