Legal Opinion

Merchants Nat. Bank of Boston v. New York, N. H. & H. R.

Court of Appeals for the Second Circuit

Decided April 3, 1939No. 214PublishedCited by 7 opinions

1Opinion of the Court

CHASE, Circuit Judge.

The New York, New Haven and Hartford Railroad Company filed its petition for reorganization under Sec. 77 of the Bankruptcy Act, 11 U.S.C.A. § 205, on October 23, 1935, in the District Court for the District of Connecticut. It was duly approved and trustees were appointed.

At the time the petition was approved a general ex parte injunction was issued. The part of it' now directly involved restrained all persons from disposing of any collateral of the debtor held by them. At that time, and ever since, the appellant has held, as collateral security for the payment of a note…

2Cases cited4 opinions

  1. Continental Illinois National Bank & Trust Co. v. Chicago, Rock Island & Pacific Ry. Co.Supreme Court of the United States · 1935
  2. Metropolitan Life Ins. v. Murel Holding Corp.Court of Appeals for the Second Circuit · 1935
  3. Guaranty Trust Co. of New York v. HenwoodCourt of Appeals for the Eighth Circuit · 1936
  4. In Re Prudence CompanyCourt of Appeals for the Second Circuit · 1937

3Cited by7 opinions

  1. Callaway v. BentonSupreme Court of the United States · 1949
  2. Crocker National Bank v. American Mariner Industries, Inc. (In Re American Mariner Industries, Inc.)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1983
  3. In Re General Stores CorporationDistrict Court, S.D. New York · 1957
  4. In re Central of Georgia Ry. Co.District Court, S.D. Georgia · 1942
  5. In Re New York, NH & HR Co.Court of Appeals for the Second Circuit · 1939

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