Foster v. Bay Front Land Co.

Full title: FOSTER et al. v. BAY FRONT LAND CO. et al.

Court: COURT OF CHANCERY OF NEW JERSEY

Date published: Dec 22, 1930

152 A. 645 (Ch. Div. 1930)

Opinion

12-22-1930

FOSTER et al. v. BAY FRONT LAND CO. et al.

Babcock & Champion, of Atlantic City, for complainant Ezekiel V. Corson. Max Grossman, for Bay Front Land Co.

INGERSOLL, Vice Chancellor

Suit by John J. Foster and another against the Bay Front Land Company and others. Decree in accordance with opinion.

Babcock & Champion, of Atlantic City, for complainant Ezekiel V. Corson.

Max Grossman, for Bay Front Land Co.

INGERSOLL, Vice Chancellor.

Following Bankers' Trust Co. v. Maxon, 100 N. J. Eq. page 1, 131 A. 875: A receiver is entitled to impose a lien upon the proceeds of the sale of the mortgaged premises prior to the lien of the complainant's mortgage for his compensation and costs. Further equities must be reserved until the tiling of the receiver's account and audit.