The appellant bank appealed a decision ordering a court-appointed receiver to pay municipal realty taxes to the respondent municipality in priority to the bank's secured claims.
The Court of Appeal dismissed the appeal, holding that under section 382 of the Municipal Act, municipal realty taxes have priority over all other claims except the Crown.
The Court also held that a court-appointed receiver is a 'trustee' within the meaning of section 400(11) of the Act, giving the municipality priority over the proceeds of personal property realized by the receiver.
