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SOUTH COUNTY SAND & G. CO. v. BITUMINOUS PAVERS CO.

No. 1014-Appeal.

274 A.2d 427 (1971)

SOUTH COUNTY SAND & GRAVEL CO. Inc. v. BITUMINOUS PAVERS CO.

Supreme Court of Rhode Island.

March 1, 1971.

Attorney(s) appearing for the Case

Samuel A. Olevson, Providence, for Rhode Island Hospital Trust Co. appellant.

Marvin A. Brill, Providence, John D. Lynch, Warwick, Co-Receivers of Bituminous Pavers Co. appellee.

OPINION

JOSLIN, Justice.

In these receivership proceedings a Superior Court judgment authorizes payment of administration expenses out of funds collected on certain accounts receivable previously assigned by the defendant corporation to the Rhode Island Hospital Trust Company as security for loans and other indebtednesses. The trust company has appealed.

It appears that a creditor instituted receivership proceedings against the defendant corporation...

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