Capitol Motor Courts v. Le Blanc Corp.

CLARK, Circuit Judge.

On October 3, 1951, The LeBlanc Corporation, incorporated under the laws of Maryland on August 24 1951, filed a petition in the district court below for reorganization under Chapter X of the Bankruptcy Act, 11 U.S.C.A. § 501 et seq. On the same day, after this petition had been approved, The LeBlanc Corporation, existing under the laws of, and doing business in, Louisiana, filed its application in the same proceeding as a subsidiary of the Maryland debtor, pursuant to Bankruptcy Act § 129, 11 U.S.CA. § 529. This petition was approved, and on October 5, 1951, Milton F.…