Opinion for the Court filed by Circuit Judge WILLIAMS.
WILLIAMS, Circuit Judge:
This action involves a transfer of funds by Railway Services Corporation, a wholly owned subsidiary of Auto-Train Corporation, Inc., to Midland-Ross Corporation. Auto-Train's trustee in bankruptcy attacks the transfer as a voidable preference. See 11 U.S.C. § 547 (1982). The principal issues addressed in this appeal are whether Railway ever possessed more than bare...
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