Gilbert Hunt Manufacturing Co. v. Wheeler

Citations

• 15 Wash. 594
• 47 P. 26
• 1896 Wash. LEXIS 257

Syllabus

<p>ASSIGNMENT FOE BENEFIT OF CREDITORS — TITLE OF ASSIGNEE — CHATTEL MORTGAGE — FORECLOSURE SUBSEQUENT TO ASSIGNMENT.</p> <p>While an assignment transfers all of the property of an insolvent debtor to > the jurisdiction of the court, it passes such property subject to all valid liens existing against it.</p> <p>Where leave to foreclose a chattel mortgage has been granted by the court, upon the petition of the mortgagee subsequent to an assignment for the benefit of creditors, made by the mortgagor, it is error for the court to dismiss same on the motion of the assignee on the ground of the pendency of said assignment.</p>