IN RE YELLOW TRANSIT FREIGHT LINES

No. 10886.

207 F.2d 602 (1953)

In re YELLOW TRANSIT FREIGHT LINES, Inc. BRAND v. YELLOW TRANSIT FREIGHT LINES, Inc.

United States Court of Appeals Seventh Circuit.

November 4, 1953.


Attorney(s) appearing for the Case

Max G. Morgan, Oklahoma City, Okl., Walter Myers, Jr., Indianapolis, Ind., for appellant.

Kenneth E. Midgley, Kansas City, Mo., Kirkwood Yockey, Harry E. Yockey, Indianapolis, Ind., A. E. Robert Friedman, New York City, Yockey & Yockey, Indianapolis, Ind., Blackmar, Newkirk, Eager, Swanson & Midgley, Kansas City, Mo., for appellee.

Before MAJOR, Chief Judge, and FINNEGAN and SWAIM, Circuit Judges.


FINNEGAN, Circuit Judge.

On February 29, 1952, the appellee, Yellow Transit Freight Lines, Inc., filed in the District Court for the Southern District of Indiana, Indianapolis Division, its voluntary petition for an arrangement under Chapter XI of the Bankruptcy Act, 11 U.S.C.A. § 701 et seq. By order of court, the debtor, hereinafter referred to as Yellow, was continued in the possession of its property and assets.

On April 29, 1952, Yellow's board of...

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