King v. Wooldridge

78 Miss. 179
Mississippi Supreme Court·Decided October 15, 1900·Published·Cited by 6 cases

Opinion

Whitfield, C. J.,

delivered the opinion of the court.

There is no assignment of the debt by any valid act of the corporation.shown. The corporation was plainly insolvent, not a going concern,-nor one with any prospect of going on at any time in the future. It could not in such condition prefer its director, secretary and treasurer. Love M'f'g. Co. v. Queen City M'f'g. Co., 74 Miss., 290.

Reversed and remanded.

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King v. Wooldridge, 78 Miss. 179 (Mich. 1900).

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