Roth v. Chatz

SPARKS, Circuit Judge.

The question presented is whether a quitclaim deed conveyed the fee in the real estate involved, or merely a lien upon it. The deed was executed by the sole stockholder of a corporation, subsequently bankrupt, to a nominee for a creditors.’ committee, as collateral for carrying out the *157provisions of an arrangement under Chapter XI of the Bankruptcy Act, 11 U.S.C.A. § 701 et seq. The District Court held that the grantor conveyed the fee in the property, and ordered the trustee in bankruptcy to sell it free of all liens, except those of taxes to which, in his discretion,…