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IN RE P.T.G. GRAIN SERVICE

185 F.Supp. 332 (1960)

In the Matter of P.T.G. GRAIN SERVICE, also known as Pearson Trucking Group Grain Service, a partnership consisting of Rex Pearson and Marvin L. Pearson, co-partners, and Rex Pearson, Bankrupts.

United States District Court D. Minnesota, Sixth Division.

July 20, 1960.

Attorney(s) appearing for the Case

Maloney & Maloney, Aberdeen, S. D., and Field, Arvesen & Donoho, by Cyrus Field, Fergus Falls, Minn., for petitioner, First National Bank of Aberdeen.

Doherty, Rumble & Butler, by Eugene M. Warlich, St. Paul, Minn., for petitioner, Yellow Manufacturing Acceptance Corporation.

Thomas J. Murphy, St. Cloud, Minn., for Trustee in Bankruptcy, Charles G. Satterlee.

DEVITT, Chief Judge.

This proceeding to review the Order of one of the Referees in Bankruptcy raises the issue whether two conditional sales contracts, which were belatedly filed about three months after their execution and about five months prior to the filing of a petition in bankruptcy, are valid against the conditional vendee's trustee in bankruptcy. The holders of the vendor's interests, First National Bank of Aberdeen and the Yellow Manufacturing Acceptance...

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