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PRIORITY OF CLAIMS IN PUBLIC UTILITY RECEIVERSHIPS

Abstract

The subject of receiverships as applied to public utilities is far too extensive to be subject to complete treatment in the limited space here available. We shall, however, attempt a rather thorough analysis of the extent to which certain classes of pre-existing indebtedness may be preferred in payment, either out of the income of the receivership or out of the proceeds of foreclosure, as against the claims of mortgage bondholders.

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