Covington v. Mayers

Citations

• 62 Miss. 730

Syllabus

<p>1. Debtor and Creditor. Conveyance, when former insolvent. Payment of debt.</p> <p>A conveyance of land by the assignee of an insolvent debtor to a creditor of such debtor, in payment of a valid debt, is good- against the debtor’s other creditors.</p> <p>2. Same. Debtor an insolvent corporation. Creditor a stockholder.</p> <p>And the fact that such debtor is a corporation and the creditor a stockholder therein does not affect the validity of the conveyance.</p>