Supreme Court of North Carolina September 29, 1926 (Everett v. . Station)

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United States · · · 29-09-1926

BkogdbN, J.

The question presented by the record is whether or not the plaintiffs are entitled to the excess collateral now in the hands of defendant receiver by virtue of the equity of subrogation.

Subrogation is of two kinds, to wit, legal and conventional.

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