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BOYUM v. JOHNSON

No. 12062.

127 F.2d 491 (1942)

BOYUM v. JOHNSON et al. In re FERGUS FALLS WOOLEN MILLS CO.

Circuit Court of Appeals, Eighth Circuit.

April 13, 1942.

Attorney(s) appearing for the Case

Henry Nycklemoe, of Fergus Falls, Minn., for appellant.

Leonard Eriksson, of Fergus Falls, Minn. (James S. Eriksson, of Fergus Falls, Minn., on the brief), for appellees.

Before SANBORN and JOHNSEN, Circuit Judges, and NORDBYE, District Judge.

JOHNSEN, Circuit Judge.

Iver J. Boyum, the managing officer and controlling stockholder of the bankrupt corporation, has appealed from the order of the District Court made upon a review of his claims against the bankrupt estate.

The Referee had allowed Boyum's claims in the sum of $49,210.58, without any set-off on the part of the bankrupt corporation. Of this amount, $424.11 was for services as secretary of the corporation $1,213.80 was for salary as general...

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