In re Buchanan
Court of Appeals for the Second Circuit
Petitions to Revise and Appeal from Orders of the District Court of the United States for the Southern District of New York. This cause comes here upon petitions to revise and an appeal to review various orders of the District Court, Southern District of New York, which will be enumerated in the opinion.
1Opinion of the Court
UACOMBE, Circuit Judge.
Charles P. Buchanan, upon his voluntary petition, was adjudged a bankrupt on July 29, 1913. At the time of such adjudication, he was entitled to an income for life from trusts created by the wills of his father and mother. This income .was in excess of $18,000 a year, and it is sought to sequestrate part of it under section 98 of Real Property Uaw of New York, which reads as follows :
“Tbe surplus income of trust property liable to creditors. When a trust is created to receive the rents and profits of real property, and no valid direction for accumulation is given, the…
2Cases cited1 opinion
- Butler v. BaudouineAppellate Division of the Supreme Court of the State of New York · 1903
3Cited by7 opinions
- Vadner v. VadnerDistrict Court, D. Nevada · 1918
- In Re GerstenzangDistrict Court, S.D. New York · 1931
- Bracewell v. HughesSupreme Court of Iowa · 1931
- In re OpavaDistrict Court, N.D. Iowa · 1916
- McLeod v. MillsCourt of Appeals of Georgia · 1922
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