Canada Permanent Trust Co. v. Feilchenfeld

This appeal is from an order of the District Court approving an order of the referee allowing bankrupt’s claim of exemption as to sixteen shares of corporate stock held by him. The sole controversy is as to the propriety of permitting a statutory exemption to cover property of the nature of shares of corporate stock. The only other asset of the estate is $285 received from some insurance policies. ’

Appellant is a Trust Company, acting as executor of one A. Van Tassel who is a creditor of the bankrupt to the extent of $6,500. The trustee in bankruptcy joins the Trust Company in opposing the…