Legal Opinion
Hegel Branch, Ethel L. Chandler and Donald Chandler v. James S. Steph, Trustee, Chickasaw Lumber Company of Duncan, Oklahoma, Inc.
Court of Appeals for the Tenth Circuit
Decided February 16, 1968No. 9089PublishedCited by 14 opinions
1Opinion of the Court
MURRAH, Chief Judge.
This is an appeal from a judgment against the seller of capital stock of a bankrupt corporation for the amount received by him from corporate assets as payment for the purchase price of all of his corporate stock. The judgment is based upon the three-fold grounds that the transaction was not only unauthorized but fraudulently void for two different reasons. See Steph v. Branch, D.C., 255 F.Supp. 526. We affirm the judgment.
The following pertinent facts were found by the trial court and are necessary to an understanding of the issues and the climate in which they are cast.…
2Cases cited2 opinions
- Steph v. BranchDistrict Court, E.D. Oklahoma · 1966
- Pemberton v. LongmireSupreme Court of Oklahoma · 1944
3Cited by14 opinions
- Murphy v. Meritor Savings Bank (In Re O'Day Corp.)United States Bankruptcy Court, D. Massachusetts · 1991
- Kansas State Bank v. Overseas Motosport, Inc.Supreme Court of Kansas · 1977
- Miller v. Krause (In Re Krause)United States Bankruptcy Court, N.D. Indiana · 1988
- Bay Plastics, Inc. v. BT Commercial Corp. (In Re Bay Plastics, Inc.)United States Bankruptcy Court, C.D. California · 1995
- Consove v. Cohen (In Re Roco Corp.)Bankruptcy Appellate Panel of the First Circuit · 1982
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