Case Name: Price v. Hosterman Lumber Company
Court: Supreme Court of Appeals of West Virginia
Jurisdiction: West Virginia
Decision Date: 1911-11-28
Citations: 70 W. Va. 12
Docket Number: 
Parties: Price v. Hosterman Lumber Company.
Judges: 
Reporter: West Virginia Supreme Court
Volume: 70
Pages: 12–13

Head Matter:
CHARLESTON.
Price v. Hosterman Lumber Company.
Submitted February 28, 1911.
Decided November 28, 1911.
Assignments fob Benefit of Cbeditoks — Claims Provable — Secured Claims.
Where a debtor makes a general assignment of all his property for the benefit of all his creditors, a secured creditor is entitled to prove and receive dividends upon the face of his claim as it stood at the time of the assignment, or declaration of insolvency, without crediting the value of his security or the proceeds of the sale thereof, made in a suit brought by the assignee to convene the creditors and wind up the affairs of the debtor’s estate, (p. 12). ■
Appeal from Circuit Court, Pocahontas County.
Suit by Andrew Price, trustee, against the Plosterman Lumber Company and others. Prom the decree Uriah Iievener appeals.
Reversed.
W. A. Bratton and F. R. Hill, for appellant.
Price, Osenlon n Horan, for appellee.

Opinion:
Millee, Judge:
The point of the syllabus is fairfy supported by our case of Williams v. Overholt, 46 W. Va. 340; but more particularly by Merrill v. National Bank, 173 U. S. 136; Aldrich v. Chemical National Bank, 176 U. S. 639; Bank v. Armstrong, 59 Fed. 380, 8 C. C. A. 163; Bank v. Williamette, &c Co., 80 Fed. 227; Doe v. N. W. Coal & Transp. Co., 78 Fed. 72; Central Trust Co. v. Richmond, &c. Co., 68 Fed. 99; Bank v. Trigg, 106 Va. 327, 56 S. E. 158.
Applying this rule of these cases to the case at bar the decree below, appealed from, in so far as it deprives the appellant Uriah Hevener, a vendor creditor, and a general creditor, of his right to share in the distribution of general fund belonging to the debtor's estate, on the basis of the entire debt proven and decreed in his favor, including his debt for purchase money, must be reversed, and corrected in accordance with the rule promulgated in the syllabus.
Reversed.