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AETNA LIFE INS. CO. v. H.W. STOUT & A., INC.

No. 81-547.

112 Ill. App.3d 570 (1983)

445 N.E.2d 1288

AETNA LIFE INSURANCE COMPANY, Plaintiff, v. H.W. STOUT & ASSOCIATES, INC., et al., Defendants. — (ITT Thorp Corporation, Defendant-Appellant; The Peoples State Bank of Newton, Defendant-Appellee.)

Appellate Court of Illinois — Fifth District.

Opinion filed February 15, 1983.

Attorney(s) appearing for the Case

George H. Huber, of Vandalia, for appellant.

Lawrence Eaton, of Eaton, Eaton & Tomaw, of Newton, for appellee.

Affirmed in part and reversed in part.

PRESIDING JUSTICE HARRISON delivered the opinion of the court:

ITT Thorp Corporation (ITT) appeals from a supplemental order of the circuit court of Jasper County which directed that certain receiver's fees, receiver's attorney fees and property taxes be deducted from the proceeds of the sale of certain crops in which ITT held a security interest.

Resolution of the issues presented by this appeal requires that...

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