Oliver v. Brennan

BOURQUIN, District Judge.

This is a suit by the trustee of a bankrupt California corporation, to avoid its transfers of its property, alleged to be fraudulent in respect to creditors.

The evidence is that defendant, a lawyer, one West as representative .of one Shannon, a public officer, and one Wright, proprietor of an auto sales business, on February 26, 1920, incorporated the bankrupt. The charter capital stock was $37,500, of which each incorporator received one-third — defendant and West for money paid in full, and Wright for the lease of his sales premises, good will, and auto sales agency.