Belknap v. Lyell

Citations

• 89 Miss. 197
• 42 So. 799

Syllabus

<p>1. Fraudulent Conveyance. Mortgages. Retention of possession.</p> <p>A deed of trust, executed by an insolvent trader to secure one of his creditors, which conveys the debtor’s stock of merchandise then on hand and merchandise that may thereafter be purchased for sale in the debtor’s store, and which gives the debtor the right to retain possession and sell in the course of trade, is void.</p> <p>2. Same. Bankruptcy. Preference. Bill of sale.</p> <p>A bill of sale of his stock of goods by an insolvent debtor, within four months of his filing a petition in bankruptcy, the intent and effect of which is to give a preference to •the creditor to whom it is given, is void under sec. 60» and sec. 606, Bankr. Act, July 1, 1898.</p>