Myriad aspects of commercial interaction between the federal government and individuals may be affected by the near-ancient sections 3466 and 3467 of the Revised Statutes which subject a fiduciary of an insolvent estate to personal liability for failure to grant priority to specified governmental claims. In an attempt to guide the practitioner through the maze of contingencies presented by these provisions, the author outlines considerations relevant to an assessment of the applicability and effect of the statutory priorities.

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