GRIMSHAW, M.
Walter E. Heller & Company, Inc., a creditor of the insolvent, The Lounge in Lodi, Inc., seeks a determination of its rights to a portion of certain insurance proceeds which were paid to the statutory receiver by the insolvent's insurer. The facts are substantially as follows:
On May 20, 1959 Heller sold an air conditioner to the insolvent under a conditional sales contract wherein the insolvent agreed to insure the property in the name of...
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