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BRANCH v. STEPH

No. 9089.

389 F.2d 233 (1968)

Hegel BRANCH, Ethel L. Chandler and Donald Chandler, Appellants, v. James S. STEPH, Trustee, Chickasaw Lumber Company of Duncan, Oklahoma, Inc., Appellee.

United States Court of Appeals Tenth Circuit.

February 16, 1968.

Attorney(s) appearing for the Case

Gene M. Gardner, Duncan, Okl., for appellants.

Norman E. Reynolds, Oklahoma City, for appellee.

Before MURRAH, Chief Judge, BREITENSTEIN, Circuit Judge, and DELEHANT, District Judge.

MURRAH, Chief Judge.

This is an appeal from a judgment against the seller of capital stock of a bankrupt corporation for the amount received by him from corporate assets as payment for the purchase price of all of his corporate stock. The judgment is based upon the three-fold grounds that the transaction was not only unauthorized but fraudulently void for two different reasons. See Steph v. Branch, D.C., 255 F.Supp. 526. We affirm...

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