[Download] "In Re Prudence Bonds Corp." by Second Circuit Circuit Court Of Appeals # eBook PDF Kindle ePub Free

August 23, 2021

eBook details

Title: In Re Prudence Bonds Corp.
Author : Second Circuit Circuit Court Of Appeals
Release Date : January 11, 1935
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 53 KB

Description

The debtor in this case had issued a series of collateral bonds, secured by the pledge to a trustee of a large number of bonds and mortgages. It filed its petition for reorganization under section 77B of the Bankruptcy Act (11 USCA Â§ 207), and the court appointed temporary trustees in reorganization, but no plan has as yet been proposed. Radin, the holder of one of these bonds, filed a suit in the state court on behalf of herself and all others similarly situated against the trustee of the pledge for an accounting of income from the pledged mortgages, and for an injunction against disposing of their principal or income. The judge stayed the prosecution of this suit on petition of the trustee of the pledge and the bondholder appealed.