Legal Opinion
In Re Boston & Providence Railroad Corporation. In Re Boston & Providence Railroad Development Group
Court of Appeals for the First Circuit
Decided July 17, 1974No. 74-1159PublishedCited by 20 opinions
1Opinion of the Court
COFFIN, Chief Judge.
Appellant seeks to prevent the distribution of funds held by the National Shawmut Bank as Charge Trustee, under an Indenture executed pursuant to the plan of reorganization (Plan) for the Boston and Providence Railway Corporation (B&P). The Indenture imposed upon all B&P real estate an equitable charge for the benefit of holders of Certificates of Contingent Beneficiary Interest (CCBI’s), issued pursuant to the Plan. By preventing the distribution, appellant hopes to reach funds remaining from the recent sale of certain former B&P real estate by the Reorganization Trustees…
2Cases cited3 opinions
- Sprague v. Ticonic National BankSupreme Court of the United States · 1939
- Hall v. ColeSupreme Court of the United States · 1973
- In the Matter of Boston & Providence Railroad Corporation, Debtor. Boston & Providence Railroad Development GroupCourt of Appeals for the First Circuit · 1969
3Cited by20 opinions
- Browning Debenture Holders' Committee v. Dasa Corp.Court of Appeals for the Second Circuit · 1977
- Nemeroff v. AbelsonCourt of Appeals for the Second Circuit · 1980
- In Re RubenCourt of Appeals for the Sixth Circuit · 1987
- Cordeco Development Corporation v. Antonio Santiago Vasquez, Cordeco Development Corporation v. Antonio Santiago Vasquez, Inez Acevedo CamposCourt of Appeals for the First Circuit · 1976
- Nemeroff v. AbelsonCourt of Appeals for the Second Circuit · 1980
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