Legal Opinion
In the Matter of James J. White, Debtor v. Board of Trade of the City of Chicago
Court of Appeals for the Seventh Circuit
Decided March 1, 1974No. 73-1614PublishedCited by 5 opinions
1Opinion of the Court
SPRECHER, Circuit Judge.
This appeal seeks to determine the right of the debtor’s receiver to the proceeds derived from the sale of the debt- or’s membership in the Board of Trade of the City of Chicago.
I
James J. White, the debtor in possession, was a member of the Chicago Board of Trade from June 20, 1969 to March 24, 1970. White voluntarily sold and transferred his membership to a qualified purchaser on March 24, 1970 for $38,000, which amount the transferee deposited with the Secretary of the Board of Trade in accordance with the exchange’s Rule 110, which provides in pertinent part:
Transfer…
2Cases cited6 opinions
- Board of Trade of Chicago v. JohnsonSupreme Court of the United States · 1924
- Hyde v. WoodsSupreme Court of the United States · 1877
- Mechanics Universal Joint Co. v. CulhaneSupreme Court of the United States · 1936
- Aycock v. BradburyCourt of Appeals for the Tenth Circuit · 1935
- Board of Trade v. JohnsonCourt of Appeals for the Seventh Circuit · 1922
1 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- In Re Drexel Burnham Lambert Group Inc.United States Bankruptcy Court, S.D. New York · 1990
- General Electric Credit Corp. v. Scott (In re Scott)District Court, W.D. Missouri · 1982
- Babbitt v. Dellsher Investment Co. (In Re Horne)District Court, N.D. Illinois · 1982
- In the Matter of James J. White, Debtor v. Board of Trade of the City of ChicagoCourt of Appeals for the Seventh Circuit · 1974
- Kim v. SaulDistrict Court, N.D. Illinois · 2020