In re Boston Confectionery Co.
District Court, D. Massachusetts
In Bankruptcy. In the matter of the Boston Confectionery Company, bankrupt. On review of the referee’s disallowance of claims. Claimant allowed to prove on direct notes.
1Opinion of the Court
MORTON, District Judge.
The somewhat complicated facts are stated in the certificate of the learned referee. Those essential to the discussion of the points in controversy are as follows:
The confectionery company had borrowed from the Charles River Trust Company the full amount which it could legally loan to one person. See Gen. Laws Mass. c. 172, § 40; chapter 167, § 5. The president of the trust company was a director of the confectionery company. It was arranged between him and Simes, president of the confectionery company, that the trust company would loan .approximately .$40,000 more by…
2Cases cited2 opinions
- Beacon Trust Co. v. SoutherMassachusetts Supreme Judicial Court · 1903
- Wheeler v. YoungMassachusetts Supreme Judicial Court · 1887
3Cited by1 opinion
- Thomas v. E. G. Curtis Sons Co.District Court, E.D. Michigan · 1934