NESBETT, Chief Justice.
On April 11, 1962, in payment of a preexisting debt, Moose Valley Lumber Co. assigned to appellant, Northern Commercial Co., an account receivable due from appellee Pacific and Arctic Railway and Navigation Company in the amount of $3500.
Northern Commercial did not file notice of the assignment with the Commissioner of Administration until April 26, 1962, which was fifteen days after the event. A statute then in force provided that...
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