Legal Opinion
In the Matter of Prs Products, Inc., Bankrupt. James H. Herzog, Trustee in Bankruptcy of Prs Products, Inc. v. Mandan Security Bank
Court of Appeals for the Eighth Circuit
Decided May 8, 1978No. 77-1747PublishedCited by 33 opinions
1Opinion of the Court
STEPHENSON, Circuit Judge.
The central issue on this appeal is whether certain transfers made by the bankrupt PRS Products, Inc. to Mandan Security Bank (Mandan) were voidable preferences in violation of the Bankruptcy Act, 11 U.S.C. § 96. The district court1 in an order of March 17, 1977, affirmed the bankruptcy court’s decision that the transfers were voidable. Mandan appeals from that order.
PRS Products, Inc. began operation in January 1973 as a wholly-owned subsidiary *416of PRS Products Manufacturing Company. The purpose of PRS Products, Inc. was to facilitate sales of snowmobiles and winter…
2Cases cited19 opinions
- Studley v. Boylston National BankSupreme Court of the United States · 1913
- New York County National Bank v. MasseySupreme Court of the United States · 1904
- Alan B. Miller, Trustee in Bankruptcy of American Ibc Corp., Bankrupt v. Wells Fargo Bank International Corp.Court of Appeals for the Second Circuit · 1976
- The Inter-State National Bank of Kansas City v. Frank Luther, Trustee, Matter of Garden Grain & Seed Company, Inc., BankruptCourt of Appeals for the Tenth Circuit · 1955
- Mayo v. Pioneer Bank & Trust Co.Court of Appeals for the Fifth Circuit · 1959
14 more not listed; retrieve them via the Exa API.
3Cited by33 opinions
- Constructora Maza, Inc. v. Banco De PonceCourt of Appeals for the First Circuit · 1980
- In the Matter of Citizens Loan and Savings Company, Bankrupt. George v. Aylward, Jr., Trustee in Bankruptcy v. Charlotte WeiserCourt of Appeals for the Eighth Circuit · 1980
- Bergquist v. First National Bank of St. Paul (In Re American Lumber Co.)District Court, D. Minnesota · 1980
- George H. Clay, Trustee and Securities Investor Protection Corp. v. Traders Bank of Kansas CityCourt of Appeals for the Eighth Circuit · 1983
- McWilliams v. Gordon (In Re Camp Rockhill, Inc.)United States Bankruptcy Court, E.D. Pennsylvania · 1981
28 more not listed; retrieve them via the Exa API.