Court Opinion

ID: 9826163
Source: CourtListenerOpinion
Date Created: 2023-09-01 15:27:17.660609+00
Date Added: 2024-06-11T07:41:54.075189
License: Public Domain

Mr. Justice Cothran:
I concur upon the grounds: 1. The appointment of a Receiver of the pledgor does not affect the pledgee’s power of sale under the instrument of hypothecation. 2. That if neither the Receiver nor the creditors of the pledgor see fit to protect themselves at an open, fair, and advertised sale, they have no cause to complain of the exercise by the pledgee of a legal right, regardless of his motive or of his subsequent disposition ■of the purchased pledge. 3. That if the Receiver had -any remedy at all, under the facts alleged in his petition, he should have proceeded, not in the cause which was ended, but by'original action for injunction. •