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IN RE GREYLING REALTY CORPORATION

No. 226.

74 F.2d 734 (1935)

In re GREYLING REALTY CORPORATION. TROUTMAN et al. v. COMPTON.

Circuit Court of Appeals, Second Circuit.

January 7, 1935.

Attorney(s) appearing for the Case

William L. Ransom, of New York City, and Pearce Matthews and Little, Powell, Reid & Goldstein, all of Atlanta, Ga. (Robert E. Coulson, of New York City, Arthur G. Powell, of Atlanta, Ga., Wesley A. Sturges, and Henry Jaffe, of New York City, of counsel), for appellants.

Cabell, Ignatius, Lown & Blinken, of New York City (Hartwell Cabell, M. H. Blinken, and Lauson H. Stone, all of New York City, of counsel), for appellee.

Before MANTON, AUGUSTUS N. HAND, and CHASE, Circuit Judges.

MANTON, Circuit Judge.

The Greyling Realty Corporation, the debtor, is owned, through stock ownership, by the National Surety Company, now in liquidation by the superintendent of insurance of the state of New York. Article 11 of the N. Y. Insurance Law (Consol. Laws, c. 28, § 400 et seq.). The business of the National Surety Company, among other things, was guaranteeing collateral trust bonds secured by mortgages, which it did to the extent of about $45,000,000...

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