Ferro, Inc., and Bolling R. Powell, Jr. v. John Thompson Beacon Windows, Ltd.
278 F.2d 280
Opinion
a n x x, t -ix Appellant Ferro, Inc., an insolvent eorporation, paid its debt to appellant Powell, its sole stockholder and managing director. The District Court found that. this Pansier of the corporation’s funds. was made with intent “to hinder or delay” appellee, a creditor. The finding . , . , . , ,, is not clearly erroneous and supports the court’s conclusion that the transfer was vo^ as a&ainst aPPe^ee under D.C.Code, § 12-401.
Affirmed,
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Ferro, Inc., and Bolling R. Powell, Jr. v. John Thompson Beacon Windows, Ltd., 278 F.2d 280 (D.C. Cir. 1960).
278 F.2d 280 (Ferro, Inc., and Bolling R. Powell, Jr. v. John Thompson Beacon Windows, Ltd.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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