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TITLE INSURANCE & GUARANTY CO. v. HART

No. 11261.

160 F.2d 961 (1947)

TITLE INSURANCE & GUARANTY CO. et al. v. HART.

Circuit Court of Appeals, Ninth Circuit.

As Amended March 24, 1947.

Attorney(s) appearing for the Case

Edward F. Treadwell and Luther Elkins, both of San Francisco, Cal., Arthur J. Edwards, of Los Angeles, Cal., and Thomas E. Palmer, of San Francisco, Cal. (H. R. Cooke, of Reno, Nev., of counsel), for appellants.

James T. Boyd, of Reno, Nev., for appellee.

Chester C. Kempley, of Los Angeles, Cal., for stockholders.

Roger S. Foster, Sol., SEC., Theodore L. Thau, Sp. Asst. to Sol., Aaron Levy, Atty., SEC., all of Philadelphia, Pa., and W. Stevens Tucker, Atty., SEC., of San Francisco, Cal., for Securities & Exchange Commission.

Before DENMAN, HEALY, and ORR, Circuit Judges.

ORR, Circuit Judge.

Mount Gaines Mining Company petitioned the United States District Court for the District of Nevada for reorganization and for relief under chapter 10 of the Bankruptcy Act, 11 U.S.C.A. § 501 et seq. Pursuant to said petition the said court appointed James B. Hart trustee.1

What may be said to be the sole asset of the corporation is a lease and option to purchase valuable mining property situate in Mariposa...

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