Legal Opinion
In Re May Oil Burner Corporation
District Court, D. Maryland
Decided April 9, 1941No. 9575PublishedCited by 7 opinions
1Opinion of the Court
COLEMAN, District Judge.
This is a proceeding under Chapter XI of the Bankruptcy Act, 11 U.S.C.A. §§ 701-799, instituted by the May Oil Burner Corporation, a Maryland corporation having no secured creditors.
All of the requisite procedural steps required by Chapter XI have been complied with, leading up to the proposal of a so-called “arrangement” which has been accepted by all of the Debtor’s unsecured creditors, there being no secured creditors, and has also been approved by the holders of more than a majority, 63%, of the stock of the Debtor issued and outstanding. Accordingly, application…
2Cases cited2 opinions
- Securities & Exchange Commission v. United States Realty & Improvement Co.Supreme Court of the United States · 1940
- Securities & Exchange Commission v. United States Realty & Improvement Co.Court of Appeals for the Second Circuit · 1940
3Cited by7 opinions
- In Re Herold Radio & Electronics CorporationDistrict Court, S.D. New York · 1961
- In the Matter of Northern Illinois Development Corporation, an Illinois Corporation, Operating the Aurora Downs, Inc. (A Wholly Owned Subsidiary), Debtor. Sportservice Corporation, Creditor-Appellant v. Northern Illinois Development Corporation, Debtor-Appellee. J. C. Granata, Shareholder-Appellant v. Northern Illinois Development Corporation, Debtor-Appellee. Orville P. Fox and St. Charles National Bank, Trustee Under Trust No. 85, Creditors-Appellants v. Northern Illinois Development Corp., Debtor-Appellee. Charles P. McFarland Shareholder-Appellant v. Northern Illinois Development Corp., Debtor-AppelleeCourt of Appeals for the Seventh Circuit · 1963
- In the Matter of Posi-Seal International, Inc., Debtor-Appellee v. Richard F. ChipperfieldCourt of Appeals for the Second Circuit · 1972
- Sportservice Corp. v. Northern Illinois Development Corp.Court of Appeals for the Seventh Circuit · 1963
- WALL & BEAVER STREET CORPORATION v. Munson LineDistrict Court, D. Maryland · 1944
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