Legal Opinion
Seaboard Nat. Bank v. Rogers Milk Products Co.
Court of Appeals for the Second Circuit
Decided August 18, 1927No. 323PublishedCited by 38 opinions
1Opinion of the CourtSwan, Circuit Judge
(after stating the facts as above). There is no doubt of the power of a court of equity under proper circumstances to sell property free of liens, transferring the lien to the proceeds. But generally this power should not be exercised unless there is a reasonable prospect that a surplus will be left for general creditors. See In re Franklin Brewing Co., 249 F. 333, 335 (C. C. A. 2); In re National Grain Corp., 9 F.(2d) 802, 803 (C. C. A. 2); In re Harralson, 179 F. 490, 492, 29 L. R. A. (N. S.) 737 (C. C. A. 8); Remington, Bankruptcy (3d Ed.) § 2583. These eases relate to sales in bankruptcy,…
2Cases cited24 opinions
- Gugel v. New Orleans Nat. BankCourt of Appeals for the Fifth Circuit · 1917
- Anheuser-Busch Brewing Ass'n v. HarrisonCourt of Appeals for the Ninth Circuit · 1907
- Smith v. Township of Au GresCourt of Appeals for the Sixth Circuit · 1906
- New York Terminal Co. v. GausNew York Court of Appeals · 1912
- In re HarralsonCourt of Appeals for the Eighth Circuit · 1910
19 more not listed; retrieve them via the Exa API.
3Cited by38 opinions
- In Re Flagstaff Foodservice CorporationCourt of Appeals for the Second Circuit · 1984
- 16 Collier bankr.cas.2d 702, Bankr. L. Rep. P 71,754 in Re K.C. MacHine & Tool Company, Debtor, June E. Morgan, Trustee the Detroit Edison Company Dery & Dery, P.C. Hill, Lewis, Adams, Goodrich & Tait v. K.C. MacHine & Tool Company, City of DetroitCourt of Appeals for the Sixth Circuit · 1987
- In Re New England Carpet Co.United States Bankruptcy Court, D. Vermont · 1983
- In Re MyersCourt of Appeals for the Second Circuit · 1928
- In re: Kvn Corporation, Inc.United States Bankruptcy Appellate Panel for the Ninth Circuit · 2014
33 more not listed; retrieve them via the Exa API.