[Download] "Mayo v. Pioneer Bank & Trust Co." by United States Court Of Appeals Fifth Circuit. " Book PDF Kindle ePub Free

March 22, 2021

eBook details

Title: Mayo v. Pioneer Bank & Trust Co.
Author : United States Court Of Appeals Fifth Circuit.
Release Date : January 30, 1959
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 69 KB

Description

The Trustees in Bankruptcy of Twin City Construction Company, a Louisiana corporation, sued The Pioneer Bank and Trust Company of Shreveport, Louisiana, to recover $69,145. The Trustees contend that, under Sections 60, sub. b and 67, sub. d of the Bankruptcy Act, 11 U.S.C.A. 96, sub. b, 107, sub. d, the bankrupt corporation made certain voidable transfers to the bank. Three separate claims are involved: (1) one for $50,125; (2) one for $9,000; and (3) one for $10,200. The case was tried to the court without a jury. The district judge rejected all three claims of the Trustees. We affirm as to the first two claims, reverse and remand as to the third claim.