Love Manufacturing Co. v. Queen City Manufacturing Co.

Citations

• 74 Miss. 290

Syllabus

<p>Corporations. Assignment. Insolvency. Directors-preferred.</p> <p>While it has been decided in this state that an insolvent corporation may, in g-ood faith, prefer creditors, yet the directors of such a corporation cannot, by their own votes and acts, prefer themselves. Whitfield, J., concurred in result, but favored overruling the cases which hold that insolvent corporation can make preferential assignments.</p>