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SOUTHWEST STATE BANK v. QUINN

No. 44,647

198 Kan. 359 (1967)

424 P.2d 620

SOUTHWEST STATE BANK, Appellee, v. JAMES L. QUINN, Trustee in Bankruptcy for JONES-MACK, INC., Bankrupt, Appellant.

Supreme Court of Kansas.

Opinion filed March 4, 1967.

Attorney(s) appearing for the Case

James L. Quinn, of Topeka, argued the cause and was on the brief for the appellant.

Craig Irwin, of Topeka, argued the cause, and Robert R. Irwin and Mary Schowengerdt, both of Topeka, were with him on the brief for the appellee.

The opinion of the court was delivered by

HARMAN, C.:

This is a mortgage foreclosure action on real estate owned by a bankrupt corporation. Our principal concern is whether the statutory right of redemption under K.S.A. 60-2414 (a) is exempt property.

The facts are not in dispute. Jones-Mack, Inc., a Kansas corporation, owned the property subject to the two mortgages mentioned later. On October 14, 1964, prior to the foreclosure proceeding,...

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