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IN RE MISSOURI GAS & ELECTRIC SERVICE CO.

No. 13041.

11 F.Supp. 434 (1935)

In re MISSOURI GAS & ELECTRIC SERVICE CO.

District Court, W. D. Missouri, W. D.

June 29, 1935.

Attorney(s) appearing for the Case

Cyrus Crane, R. Arch Smith, Jr., and Lathrop, Crane, Reynolds, Sawyer & Mersereau, all of Kansas City, Mo., for petitioner.

Arthur F. Schmahlfeldt, Louis N. Wolf, and Mosman, Rogers, Bell & Buzard, all of Kansas City, Mo., and Eugene Faris, of Richmond, Mo., for respondent.

REEVES, District Judge.

Corporate reorganization in bankruptcy is controlled by section 207, title 11 U. S. C. (11 USCA § 207). This act was approved June 7, 1934. By its provisions, a corporation, if thrown into bankruptcy in an involuntary proceeding, is authorized by answer to invoke the benefits of section 207. Or, if the company desires to do so, it can initiate proceedings and stand in the same position as a voluntary bankrupt.

Perforce the statute...

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