Mifflin v. Cunningham

WILBUR, Circuit Judge.

This action involves the ownership of funds, amounting to about $20,000, under the control of C. J. Owens and L. Spilman, derived from monthly payments of $5 each paid by the members of the Décimo Club, Inc., who were also holders of certificates of participation issued by the Décimo Trust of America, a business trust, whose trustees are parties hereto. The suit was brought by the receiver of- the Décimo Club, Inc., and involves the conflicting claims of the Décimo Club, Inc., of the Décimo Trust of America, and of the various members of the Décimo Club, Inc., who were…