Cullers & Henry v. Kennedy
Cullers & Henry v. Kennedy
Opinion of the Court
Opinion by
§ 198. Insolvent act of 1879; construction of, as to right of debtor to prefer creditors. Since the adoption of the insolvent act of 1879, an assignment for the benefit of creditors, though not made in conformity with the terms and provisions of said act, and in which certain creditors are preferred, even though said preferment is made in good faith, is in direct conflict with said act, and cannot be upheld. [Appendix to Rev. Stats, p. 5.]
§ 199. Assignment; preferred creditors; attachment. An assignment for the benefit of creditors, made since the
Reversed and remanded.
N. B. A contrary doctrine to that laid down in this case is held by the supreme court in La Belle Wagon Works v. Ludbill, Van Sant & Co. Austin Term, 1883, and by this court in Brown & Co. v. East Texas Fire Insurance Co., supra, p. 204, and in Schneider & Davis v. Bullard [Comm’rs App.], post, p. 676, § 1185 et seq.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.