Legal Opinion
In re Robin Bros. Bakeries, Inc.
District Court, N.D. Illinois
Decided December 22, 1937No. 65359PublishedCited by 4 opinions
1Opinion of the Court
WILKERSON, District Judge.
The objections of the bankruptcy trustee and of a stockholder raise the question of the validity of a duly recorded chattel mortgage securing a note for $2,500 lent to the bankrupt on December 21, 1936. Default occurred on February 15, 1937. A reorganization petition filed under section 77B, Bankr.Act, as amended, 11 U.S.C.A. § 207 and note, on March 1, 1937, showed assets of $43,106.33, and liabilities of $30,624.27.
The referee sustained the objections and held the mortgage invalid. He found (1) that the mortgage was not authorized by the stockholders as required by…
2Cases cited4 opinions
- Dean v. DavisSupreme Court of the United States · 1917
- Ashley Wire Co. v. Illinois Steel Co.Illinois Supreme Court · 1896
- United States Mortgage & Trust Co. v. Chicago & A. R. Co.Court of Appeals for the Seventh Circuit · 1930
- St. Louis Union Trust Co. v. Wabash, Chester & Western RailroadAppellate Court of Illinois · 1927
3Cited by4 opinions
- In Re Peoria Braumeister Co.Court of Appeals for the Seventh Circuit · 1943
- McDermott v. Bear Film Co.California Court of Appeal · 1963
- Phillips Petroleum Company, a Corporation v. Rock Creek Mining Company, a CorporationCourt of Appeals for the Ninth Circuit · 1971
- Security Discount Co. v. WesnerCourt of Appeals for the Seventh Circuit · 1943