Reeves v. Powell

J. H. Reeves, as trustee in bankruptcy for the United Food Distribution Company, a joint-stock association operating under a declaration of trust, instituted this suit against M. C. Powell to recover $500 paid him by the trustees of the bankrupt food company, about 30 days befor'e it went into voluntary bankruptcy, alleging that the money so paid was a refund to him of his contribution to the capital stock or trust fund, and was without a valuable consideration, and was in fraud of creditors who incurred debts during his membership in the said bankrupt food company; and, further, that such…