Adams v. Bank of Meadville
Adams v. Bank of Meadville
Opinion of the Court
delivered the opinion of the court.
■ Appellant, a creditor of the Bank of Meadville, a failing institution, sued out an attachment against the bank and levied on certain property here in controversy. This attachment was levied at 4 o’clock on the morning of February 17. At 11 o’clock on the evening of February 16th a bill had been filed against the bank by Mrs. Norma M. Hardy, praying among other things for the appointment of a receiver. The decree appointing a receiver was filed at 6 o’clock on the morning of February 17th, and the receiver so appointed took charge of the property in controversy. By leave of the chancery court in which the receivership proceedings are pending, the plaintiff in attachment prosecuted his suit to final judgment. Thereupon Adams applied to the chancery court for an order directing the-receiver to pay his debt, or in default thereof to release the property levied on, that a sufficiency thereof might be sold to satisfy his judgment. This application was denied by the chancery, court, and Adams appealed.
Affirmed and remanded.
Reference
- Full Case Name
- Eugene C. Adams v. Bank of Meadville
- Status
- Published
- Syllabus
- Receivers. Attaching creditors. Priority. Where an attaching creditor, after judgment in his favor, moved the chancery court for an order directing its receiver, having custody of the attached and other property of the defendant, to pay his debt or release the property attached, it was,not error to deny his motion, in the absence of all evidence touching liens thereon in favor of other creditors, although the attachment was levied before the receiver was appointed.