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Legal Opinion

In Re Missouri Gas & Electric Service Co.

District Court, W.D. Missouri

Decided June 29, 1935No. 13041PublishedCited by 8 opinions

1Opinion of the Court

REEVES, District Judge.

Corporate reorganization in bankruptcy is controlled by section 207, title 11 U. S. C. (11 USCA § 207). This act was approved June 7, 1934. By its provisions, a corporation, if thrown into bankruptcy in an involuntary proceeding, is authorized by answer to invoke the benefits of section 207. Or, if the company desires to do so, it can initiate proceedings and stand in the same position as a voluntary bankrupt.

Perforce the statute, upon approval of the petition or answer as the case may be, the court becomes invested with “exclusive jurisdiction of the debtor and its…

2Cases cited1 opinion

  1. Ex Parte BaldwinSupreme Court of the United States · 1934

3Cited by8 opinions

  1. In Re Los Angeles Land and Investments, Ltd.District Court, D. Hawaii · 1968
  2. Federal Facilities Realty Trust v. KulpCourt of Appeals for the Seventh Circuit · 1955
  3. In Re James Butler Grocery Co.District Court, E.D. New York · 1935
  4. United States ex rel. Kirby v. John A. Johnson & Sons, Inc.District Court, E.D. Tennessee · 1953
  5. Darrow v. KulpCourt of Appeals for the Seventh Circuit · 1955

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