Legal Opinion
In re North Continent Utilities Corp.
District Court, D. Delaware
Decided July 7, 1945No. 355PublishedCited by 1 opinion
1Opinion of the Court
LEAHY, District Judge.
The court approved a Sec. 11(e) plan of North Continent Utilities Corporation under the Public Utility Holding Company Act of 1935, 15 U.S.C.A. § 79 et seq. See D.C., 54 F.Supp. 527. The plan called for satisfaction of the company’s debentures by pro-rata payments of cash as assets were sold from time to time. The March 17, 1944, order of approval provided, among other things, that the Court take exclusive jurisdiction over the company and its assets. Paragraph 2 of the order specifically provides: “North Continent Utilities Corporation shall retain possession of its…
2Cases cited3 opinions
- In Re North Continent Utilities CorporationDistrict Court, D. Delaware · 1944
- Okin v. Securities and Exchange CommissionCourt of Appeals for the Second Circuit · 1944
- Homewood v. Standard Power & Light Corp.District Court, D. Delaware · 1944
3Cited by1 opinion
- In re Engineers Public Service Co.Court of Appeals for the Third Circuit · 1948