Frowert v. Blank

Citations

• 205 Pa. 299
• 54 A. 1000
• 1903 Pa. LEXIS 565

Syllabus

<p>Foreign receivers — Pennsylvania creditors — Priority—Beneficial associations — Foreign associations.</p> <p>Until the assets of an insolvent corporation have been taken possession of by a receiver appointed by the court of the domicile of the corporation and while they are still within the state of Pennsylvania, a foreign receiver, by virtue of his appointment, is not in a position to assert his control over the assets, nor to exercise any authority over thorn as against domestic creditors.</p> <p>The Pennsylvania holders of matured death certificates of a foreign insolvent beneficial association are entitled to payment out of a fund belonging to the association in Pennsylvania and in the hands of an ancillary receiver in the state, before the fund or any part of it is handed over to a receiver of the association appointed in the state of its domicile. Such holders are business creditors of the association, and not merely representatives of deceased members.</p> <p>Mitchell, J., dissents.</p>