Degginger v. Seattle Brewing & Malting Co.

Citations

• 41 Wash. 385
• 1906 Wash. LEXIS 972

Syllabus

<p>Intoxicating Liquors — License—Assignable as Property. An unexpired municipal license to sell liquor for the term of one year, paid for in advance, and which may be transferred by consent of the city upon the observance of certain formalities, is property that is assignable, and passes upon the insolvency of the licensee to a receiver for the benefit of creditors.</p> <p>Pledges — Liquor License — Agreement Pledging as Collateral Security — Failure to File or Record — Effect as to Creditors^ Statutes. A pledge of an unexpired liquor license left in the possession of the licensee is void as to creditors, whether construed as a chattel mortgage or as a bill of sale, when it was not recorded as a chattel mortgage as required by Pierce’s Code, § 6549, nor as a bill of sale as required by Bal. Code, § 4578.</p>