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SOUTH BRANCH LUMBER COMPANY v. OTT

No. 135.

142 U.S. 622 (1892)

12 S.Ct. 318

35 L.Ed. 1136

SOUTH BRANCH LUMBER COMPANY, v. OTT.

Supreme Court of United States.

Decided January 18, 1892.

Attorney(s) appearing for the Case

Mr. Frank J. Smith (with whom was Mr. J.M. Flower on the brief) for appellant.

Mr. John C. Bills for appellees.

MR. JUSTICE BREWER, after stating the case, delivered the opinion of the court.

The single question in this case is as to the validity of the assignment. Its invalidity is claimed under section 2115 of the Code of Iowa: "No general assignment by an insolvent, or in contemplation of insolvency, for the benefit of creditors, shall be valid unless it be made for the benefit of all his creditors in proportion to the amount of their respective claims."

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