Credito y Ahorro Ponceno v. Gorbia

In this sadly mismanaged bankruptcy ease, I can see no escape from the conclusions of my associates as to the validity of the transfer of the property of the unadjudicated individual partners. And if and in so far as the instrument of April 16, 1921, transferred notes (probably already discounted with the bank) I think the transfer good without record.

But I am unable to agree that these notes were secured notes, and that the sum of $18,-972.66, as alleged proceeds from the sale of applicable security, can bo held by the bank.

The majority rest their conclusion that the 19 notes were secured on…