Reynolds v. Reynolds Lumber Co.

Citations

• 169 Pa. 626
• 32 A. 537
• 1895 Pa. LEXIS 1139

Syllabus

<p>Corporations — Execution—Fien facias — Act of April 7,1870.</p> <p>If a corporation is purely private, and the public has no direct interest in its operations, or rights concerning them, its property, however useful and necessary for the conduct of its business, may be sold under an ordinary writ of fieri facias in the same manner as the property of t an individual ; and in such case the plaintiff in the execution is entitled to the fund raised by the sale, to the exclusion of general creditors. Neither I-Iopkins and Johnson’s Appeal, 90 Pa. 69, nor Bank v. Coke Co., 137 Pa. 601, are in conflict with this principle.</p> <p>Distinction shown between Foster v. Fowler, 60 Pa. 27, and Guest v. Water Co., 142 Pa. 610, on the one hand, and Girard Point Storage Co. v. Southwark Founding Co., 105 Pa. 248, and McLeod v. Central Normal School, 152 Pa. 575, on the other.</p>