62 So. 730 | Ala. | 1913
Creditors of the Union Bank & Trusl Company, a corporation, filed the bill in this case alleging the insolvency of the said Bank & Trust Company, and praying that its assets be decreed to constitute a trust fund for the payment of the claims of all its creditors, and that the same be marshaled and administered for their benefit as provided by section 3509
Appellee moves that the appeal be dismissed. We discover no reason why the appeal should be allowed, and are of opinion that the motion should prevail. A receiver may undoubtedly appeal from the orders and decrees affecting his claims for fees and expenses or involving him in personal responsibility. — Thornton v. Highland Ave. R. R. Co., 94 Ala. 353, 10 South. 442. But he is the mere agent of the court for the collection and distribution of the assets of the insolvent corporation under orders of the court which fully protect him, and in this disposition of the property he has no personal concern, except to the limited extent indicated above.
In its decree providing for the administration of the trust estate the circuit court, sitting in equity, authorized and required its receiver “to contest and resist the allowance of any claim to the extent it is unjust or illegal, either in amount or as to the security claimed, to collect and reduce to money with due and reasonable speed and diligence all of the assets and property of the said respondent Union Bank & Trust Company, * * * and to employ and have the services of legal counsel for all such pui’poses and for any other purpose in the discharge of his duties as such receiver.” All this poAver and duty the receiver has exercised and discharged as to the item in dispute by contesting appellee’s claim in the court beloAV. The receiver is the mere creature of the court. He must give heed to his master’s voice. He cannot make authority for himself. Neither the recited language of the decree nor any reasonable implication to be found in it authorizes the receiver to question the court’s decree by appeal. In the general expression of this decree there is nothing to indicate that it was Avritten with the vieAV of conferring unusual authority upon the receiver, or that the court had in contemplation the propriety of the receiver’s appeal from its future orders. Appellant seems to think
Appeal dismissed.