Legal Opinion

North American Car Corp. v. Peerless Weighing & Vending MacHine Corp.

Court of Appeals for the Second Circuit

Decided July 19, 1944No. 389PublishedCited by 77 opinions

1Opinion of the Court

CLARK, Circuit Judge.

Appellee, North American Car Corporation, was the owner of $15,000 principal amount of the 6% ten year secured sinking fund gold bonds of General Vending Corporation when the latter petitioned on June 18, 1934, for reorganization under former § 77B of the Bankruptcy Act, 11 U.S.C.A. § 207. Thereafter, on March 11, 1935, North American filed a written acceptance of a proposed plan of reorganization for General — as well as for Consolidated Automatic Merchandising Corporation, whose subsidiary it was — under which its assets were to be transferred to a new corporation,…

2Cases cited17 opinions

  1. Hanover National Bank v. MoysesSupreme Court of the United States · 1902
  2. Mohonk Realty Corporation v. Wise Shoe StoresCourt of Appeals for the Second Circuit · 1940
  3. Kimmich v. New York Clearing House Ass'nSupreme Court of the United States · 1940
  4. In Re Flatbush Ave.-Nevins St. CorporationCourt of Appeals for the Second Circuit · 1943
  5. In Re Nine North Church Street, Inc.Court of Appeals for the Second Circuit · 1936

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3Cited by77 opinions

  1. Reliable Electric Co., Inc. v. Olson Construction CompanyCourt of Appeals for the Tenth Circuit · 1984
  2. In the Matter of Harbor Tank Storage Co., Inc. Murray Oil Products Co., Inc.Court of Appeals for the Third Circuit · 1967
  3. In the Matter of Intaco Puerto Rico, Inc., Debtor. Appeal of Gabriel Alvarez & AssociatesCourt of Appeals for the First Circuit · 1974
  4. Penthouse Media Group v. Guccione (In Re General Media, Inc.)United States Bankruptcy Court, S.D. New York · 2005
  5. Poplar Run Five Ltd. Partnership v. Virginia Electric & Power Co. (In Re Poplar Run Five Ltd. Partnership)United States Bankruptcy Court, E.D. Virginia · 1995

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