Chemical Bank & Trust Co. v. Prudence-Bonds Corp. (New Corp.)
Court of Appeals for the Second Circuit
1Opinion of the Court
CLARK, Circuit Judge.
These appeals arise from the last of the accountings submitted, in connection with the reorganization under former § 77B of the Bankruptcy Act, 11 U.S.C. § 207, of the debtor Prudence-Bonds Corporation, by various banks serving as trustees of the trust funds established to secure the debtor’s eighteen series of Prudence-Bonds. Several of the earlier accountings have been the subject of decision by this court. 1 The final accounting now before us is by the Chemical Bank & Trust Co., as successor Trustee of the fund securing Prudence-Bonds Fifteenth Series. 2 The Bank…
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