Horigan Realty Co. v. Cook

STONE, Circuit Judge.

A claim was filed by the Horigan Realty Company, *792against the Horigan Supply Company, bankrupt; The claim was that funds of the Realty Company were, without consent of its directors or stockholders, improperly deposited with the funds of the bankrupt, used in the course of business .of the bankrupt and went into the purchase of goods and supplies coming into the hands of the trustee from the bankrupt. The prayer of the claimant was that such diverted funds be regarded as trust funds in the hands of the trustee in bankruptcy and, as such, paid to it. The court affirmed the…