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Marshalling Assets

The Cyclopedic Law Dictionary · Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922

The Cyclopedic Law Dictionary

Such an arment of creditors into classes with respect intervening interests of particular persons to prior satisfaction out of a part of the funds.

1 Story, Eq. 558.

The doctrine does not apply unless there are two funds in existence to which claim is made by several having diverse rights.

L. R. 3 Eq. 668.

But it is immaterial what is the nature of the property which constitutes the fund.