Legal Opinion
In re Paul De Laney Co.
District Court, W.D. New York
Decided June 25, 1929Published
1Opinion of the Court
HAZEL, District Judge.
This matter now comes before me in the nature of a rehearing on the claim of George B. Renneker, holder of corporate bonds in the Paul De Laney Company, Inc., a bankrupt, of the face value of $130,000. The corporate bond issue was secured on September 1, 1921, by a trust mortgage in the amount of $750,000 to the Marine Trust Company, covering real estate, plant, and equipment at Broeton, N. Y. The estate of the bankrupt having been sold in this court, the claims of bondholders, by consent, were transferred to the fund ($161,390.87) realized from the sale free and clear…
2Cases cited5 opinions
- Payne v. . WilsonNew York Court of Appeals · 1878
- Westinghouse Electric & Mfg. Co. v. Brooklyn Rapid Transit Co.District Court, S.D. New York · 1923
- Hamilton Trust Co. v. ClemesAppellate Division of the Supreme Court of the State of New York · 1897
- First Nat. Bank of Albany v. HamblinDistrict Court, N.D. New York · 1915
- In re Paul De Laney Co.Court of Appeals for the Second Circuit · 1928