Legal Opinion
In re National Public Service Corp.
Court of Appeals for the Second Circuit
Decided February 15, 1937No. 234PublishedCited by 3 opinions
1Opinion of the Court
AUGUSTUS N. HAND, Circuit Judge.
The debtor, National Public Service Corporation, is a public utility holding company. It issued $20,000,000 principal of debentures in 1928 and secured them under a trust indenture of which the New York Trust Company was trustee by stocks of various subsidiary corporations.
On July 8, 1932, National Public Service Corporation was adjudicated a bankrupt and the Irving Trust Company became trustee in bankruptcy. The unpledged assets were liquidated in the bankruptcy proceeding and the cash proceeds aggregating about $111,000 are in the hands of the trustee in…
2Cases cited5 opinions
- In Re Central Funding CorporationCourt of Appeals for the Second Circuit · 1935
- In Re Mortgage Securities CorporationCourt of Appeals for the Second Circuit · 1935
- In re LausmanDistrict Court, W.D. Kentucky · 1910
- In re RoseDistrict Court, E.D. Kentucky · 1911
- In Re MenziesDistrict Court, D. Arizona · 1932
3Cited by3 opinions
- Clarke v. Chase Nat. Bank of City of New YorkCourt of Appeals for the Second Circuit · 1943
- In re MandellDistrict Court, E.D. New York · 1938
- Clarke v. Chase Nat. Bank of City of New YorkCourt of Appeals for the Second Circuit · 1943