Lewis v. Linden Steel Co.

Supreme Court of Pennsylvania November 8, 1897

Lewis v. Linden Steel Co., 183 Pa. 248 (Pa. 1897)

38 A. 606; 1897 Pa. LEXIS 749

Dean, Fell, Green, McCollum, Mitchell, Sterrett, Williams

Opinion of the Court

Per Curiam,

This appeal is from the final decree dismissing exceptions to the learned auditor’s second report and ordering distribution in accordance with the ¿ccompanying schedule. A careful con- , sideration of the questions presented by the record has satisfied us that there is no substantial error in the decree. For reasons given in the opinion of the court, filed March 24, 1897, the decree should not be disturbed.

Decreé affirmed and appeal dismissed at appellant’s costs.

Reference

Full Case Name: W. J. Lewis and Jones & Laughlins, Limited v. Linden Steel Company, a corporation of Pennsylvania. Appeal of the Second National Bank of Pittsburg
Cited By: 7 cases
Status: Published
Syllabus: Receivers — Receiver's certificates — Priority of lien. AVhere money is borrowed by a receiver to operate works, and the receiver’s certificates which are issued therefor under an order of court by which they are given priority of lien are voluntarily surrendered by their owners for later certificates issued under an order of court without any priority of lien, the substituted certificates have no preference over debts contracted by the receiver for necessary materials to carry on the works.