Brown v. Wilcox Lumber & Logging Co.

Citations

• 118 Wash. 336
• 203 P. 949
• 1922 Wash. LEXIS 663

Syllabus

<p>Corporations (227) —Insolvency — Claims Against Receiver — Presentation. Where a director and manager performs services for his corporation clearly outside his duties as such officer on the understanding with the other corporate officers that he is to be compensated therefor, he has a valid claim against the corporation for such services.</p> <p>Same (327) — Receivers (66) — Preferred Claims — Necessity of Presenting. Under Rem. Code, § 1153, providing that, in receivership proceedings, all claims for which a lien could be filed shall have preference over other claims, the inchoate right of lien existing at the time a receiver is appointed matures at once without the necessity of the filing of the lien claim.</p>