Lewis v. Linden Steel Co.

Citations

• 183 Pa. 248
• 38 A. 606
• 1897 Pa. LEXIS 749

Syllabus

<p>Receivers — Receiver's certificates — Priority of lien.</p> <p>AVhere money is borrowed by a receiver to operate works, and the receiver’s certificates which are issued therefor under an order of court by which they are given priority of lien are voluntarily surrendered by their owners for later certificates issued under an order of court without any priority of lien, the substituted certificates have no preference over debts contracted by the receiver for necessary materials to carry on the works.</p>