Standard Lumber Co. v. Interstate Trust Co.

HUTCHESON, Circuit Judge.

The suit was an adversary proceeding by bill in equity brought, under the statute 13 Elizabeth1, against named defendants, to compel an accounting for assets alleged to have been fraudulently encumbered by and fraudulently conveyed to them. It was filed by the Interstate Trust & Banking Company on February 16, 1931, not as a class .suit, but for its own benefit on a judgment for $26,409, it had obtained on November 26, 1930, against Standard Lumber Company. The bill made parties defendant the Standard Lumber Corporation, the Standard Lumber Company, their directors…