IN RE BANCUNITY CORPORATION


36 F.2d 595 (1929)

In re BANCUNITY CORPORATION.

District Court, S. D. New York.

December 31, 1929.


Attorney(s) appearing for the Case

Henry W. Sykes, of New York City, for petitioning creditors.

Ashley & Foulds, of New York City, for bankrupt.


WOOLSEY, District Judge.

The motion for an order adjudicating the Bancunity Corporation a bankrupt is granted.

The petitioning creditors should apply forthwith to the judge sitting in bankruptcy for the appointment of a receiver of the bankrupt.

The only question of general interest here involved is whether the petitioning creditors, having been stockholders, had the right under the Bankruptcy Act of 1898, as amended (11 USCA), to file an involuntary...

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