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DENCO DEVELOPMENT CO. v. COMMUNITY SAVINGS & LOAN ASSN.

No. 21021.

376 F.2d 548 (1967)

DENCO DEVELOPMENT CO., a corporation, an Alleged Bankrupt, Appellant, v. COMMUNITY SAVINGS & LOAN ASSN., Appellee.

United States Court of Appeals Ninth Circuit.

Rehearing Denied June 1, 1967.

Attorney(s) appearing for the Case

James C. Webb, Webb & Webb, Long Beach, Cal., for appellant.

John Endicott, Gibson, Dunn & Crutcher, Los Angeles, Cal., for appellee.

Before JONES, Senior Judge, United States Court of Claims, and BARNES and JERTBERG, Circuit Judges.

MARVIN JONES, Senior Judge.

Denco Development Co. (Denco), an alleged bankrupt, appeals the judgment of the United States District Court for the Central District of California. The judgment reversed an order of the Referee in Bankruptcy awarding to Denco the balance of certain funds in the hands of the Receiver, and instead awarded the funds to appellee Community Savings and Loan Association (Community).

The facts found by the district court are, in summary...

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