UNITED STATES BANK v. CHASE BANK

No. 371.

331 U.S. 28 (1947)

UNITED STATES NATIONAL BANK ET AL. v. CHASE NATIONAL BANK ET AL.

Supreme Court of United States.

Decided April 14, 1947.


Attorney(s) appearing for the Case

Robert I. Rudolph argued the cause and filed a brief for petitioners.

William Dean Embree argued the cause and filed a brief for the Chase National Bank, respondent.


MR. JUSTICE MURPHY delivered the opinion of the Court.

A problem arising under the Bankruptcy Act is presented by the unique facts of this case.

On June 10, 1926, Harvey C. Stineman was adjudicated a bankrupt upon a voluntary petition and the case was referred to a referee. The principal asset of the bankrupt estate was an undivided one-sixth interest in a large acreage of valuable coal lands, a large portion of which was operated by lessees and was producing...

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