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IN RE WISCONSIN CO-OPERATIVE MILK POOL

No. 7571.

119 F.2d 999 (1941)

In re WISCONSIN CO-OPERATIVE MILK POOL. FIRST WISCONSIN NAT. BANK OF MILWAUKEE et al. v. WISCONSIN CO-OPERATIVE MILK POOL.

Circuit Court of Appeals, Seventh Circuit.

May 7, 1941.

Attorney(s) appearing for the Case

Bert Vandervelde and Vernon A. Swanson, both of Milwaukee, Wis., for appellants.

Wm. H. Riley and Kenneth M. Orchard, both of Madison, Wis., for appellee.

Before SPARKS and KERNER, Circuit Judges, and LINDLEY, District Judge.

LINDLEY, District Judge.

Petitioners appeal from a judgment of the District Court to the effect that respondent is not such a corporation as may be adjudged bankrupt. Petitioners had filed an involuntary petition alleging that respondent was a business corporation; that it was indebted to petitioner in sums aggregating some $94,000; that it was insolvent and had committed an act of bankruptcy in that it had made a general assignment for the benefit of its creditors...

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