O'CONNELL, Justice.
This is an appeal by a mortgagee from a decree of the superior court holding that a certain chattel mortgage made by respondent to said mortgagee, the Industrial Trust Company, a Rhode Island banking corporation, is not a valid lien as against creditors of respondent.
The facts are not in dispute. Waterman Ave. Bakery, Inc., a corporation duly organized under the laws of this state, was located by its charter in the town of East Providence...
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