In Re Industrial Office Bldg. Corp. Appeal of Grad
This text of 207 F.2d 495 (In Re Industrial Office Bldg. Corp. Appeal of Grad) is published on Counsel Stack Legal Research, covering Court of Appeals for the Third Circuit primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
This is an appeal by two stockholders of a predecessor corporation from an order of the district court in a reorganization proceeding under Chapter X of the Bankruptcy Act, 11 U.S.C.A. § 501 et seq., denying them the right to participate in a distribution of the debtor’s assets. The appellants had failed to exchange their shares for stock of the debt- or under a 1932 reorganization plan under which the debtor was organized. After full consideration we are satisfied that the action of the district court was right for the reasons stated in the opinion filed by Judge Smith, 108 F.Supp. 878.
The order of the district court will be affirmed.
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207 F.2d 495, 1953 U.S. App. LEXIS 3710, Counsel Stack Legal Research, https://law.counselstack.com/opinion/in-re-industrial-office-bldg-corp-appeal-of-grad-ca3-1953.