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EQUITABLE LIFE ASSUR. SOC. OF UNITED STATES v. CARMODY

No. 12232.

131 F.2d 318 (1942)

EQUITABLE LIFE ASSUR. SOC. OF UNITED STATES v. CARMODY.

Circuit Court of Appeals, Eighth Circuit.

November 3, 1942.

Attorney(s) appearing for the Case

A. H. Sargent, of Cedar Rapids, Iowa (C. G. Lee, of Ames, Iowa, on the brief), for appellant.

Ed. J. Kelley, of Ames, Iowa, for appellee.

Before SANBORN, THOMAS, and JOHNSEN, Circuit Judges.

JOHNSEN, Circuit Judge.

In a proceeding under subsection s of section 75 of the Bankruptcy Act, 11 U.S. C.A. § 203, sub. s, appraisers appointed by the Conciliation Commissioner, in May 1940, appraised the value of the debtor's farm, consisting of 220 acres in Story County, Iowa, at $24,420, or $110 an acre. Thirteen months later, the debtor offered to pay into court the amount of the appraised value, under subsection s(3), and applied to the Conciliation Commissioner...

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