DocketNumber: No. 22
Citation Numbers: 137 Pa. 601
Judges: Clark, Green, McCollum, Mitchell, Paxson, Sterrett, Williams
Filed Date: 11/3/1890
Status: Precedential
Modified Date: 2/17/2022
The fund in controversy was the proceeds of the sale of certain real estate of the New York & Westmoreland Gas-Coal & Coke Company, a corporation chartered under the laws of this state. That the real estate and nothing else was sold, appears by the return of the sheriff to the writ of venditioni exponas. The court below distributed the proceeds to the lien creditors of said corporation according to their priority. The appellants contend that they should have been distributed to the creditors pro rata. This is the rule in regard to personal property, but it does not apply to real estate. The second section of the act of April 30, 1844, P. L. 532, provides that,
The decree is affirmed and the appeal dismissed, at the costs of the appellants.