Henderson v. American Service Co.

HAYES, District Judge.

The only question of law involved in this case which presents any difficulty is the question whether the reorganization of the American Service Co. under Section 77B, Bankr.Act, 11 U.S.C.A. § 207, operates as a discharge of the defendant and its property against the claim as asserted.

The American Service Co. owned all the common and subsequently acquired all of the preferred stock in the Community Ice Co. and on the 31st of August, 1929, caused all of the assets of the Community Ice Co. including the fund in question, transferred to itself, and it assumed all of the…