United States Ex Rel. Willoughby v. Howard
Supreme Court of the United States
1Opinion of the Court
Mr. Justice Brandéis
delivered the opinion of the Court.
The question for decision is whether a trustee (or receiver) in bankruptcy and the surety on his official bond can be held liable for the loss resulting from the insolvency of the bank in which the estate’s funds were deposited, if it was one of the depositories designated by the court under U. S. C. Title 11, § 101.
Sam Howard was trustee in bankruptcy of 114 separate bankrupt estates, and was receiver of 9, in the federal court for northern Illinois, Eastern Division. Between August 20, 1930, and June 21, 1932, he had deposited the funds…
2Cases cited28 opinions
- Texas & Pacific Railway Co. v. PottorffSupreme Court of the United States · 1934
- Lámar v. MicouSupreme Court of the United States · 1884
- Yates v. Jones National BankSupreme Court of the United States · 1907
- Bowerman v. HamnerSupreme Court of the United States · 1919
- Taylor v. BenhamSupreme Court of the United States · 1847
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3Cited by25 opinions
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- In Re Lambertville Rubber Co.Court of Appeals for the Third Circuit · 1940
- In Re Consupak, Inc.United States Bankruptcy Court, N.D. Illinois · 1988
- In Re Haugen Construction Service, Inc.United States Bankruptcy Court, D. North Dakota · 1989
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