In re Price

U.S. Circuit Court for the District of Maryland

In re Price

19 F. Cas. 1314, 6 Nat. Bank. Reg. 400, 1872 U.S. Dist. LEXIS 24

CourtU.S. Circuit Court for the District of Maryland

DecidedJanuary 3, 1872

StatusPublished

Cited by5 cases

This text of 19 F. Cas. 1314 (In re Price) is published on Counsel Stack Legal Research, covering U.S. Circuit Court for the District of Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

In re Price, 19 F. Cas. 1314, 6 Nat. Bank. Reg. 400, 1872 U.S. Dist. LEXIS 24 (circtdmd 1872).

Pincite

Opinion

GILES, District Judge,

passed the following order upon the petition, to wit:

Ordered, this third day of January, eighteen hundred and seventy-two, that the within petition be and the same is hereby dismissed, as it appears from the report of the register that the partnership assets are not sufficient to pay the partnership debts. By the thirty-sixth section of the bankrupt act, it is provided that after deducting out of the whole amount of the partnership assets the whole of the expenses and disbursements, the net proceeds shall be appropriated to pay the partnership creditors, and if there be any surplus, it shall be appropriated to the separate estate of each partner, and then only this surplus becomes liable to the provisions of the fourteenth section of said act, in reference to exemptions under state laws.

Free access — add to your briefcase to read the full text and ask questions with AI

GILES, District Judge,

passed the following order upon the petition, to wit:

Ordered, this third day of January, eighteen hundred and seventy-two, that the within petition be and the same is hereby dismissed, as it appears from the report of the register that the partnership assets are not sufficient to pay the partnership debts. By the thirty-sixth section of the bankrupt act, it is provided that after deducting out of the whole amount of the partnership assets the whole of the expenses and disbursements, the net proceeds shall be appropriated to pay the partnership creditors, and if there be any surplus, it shall be appropriated to the separate estate of each partner, and then only this surplus becomes liable to the provisions of the fourteenth section of said act, in reference to exemptions under state laws.

Cite This Page — Counsel Stack

Bluebook (online)

19 F. Cas. 1314, 6 Nat. Bank. Reg. 400, 1872 U.S. Dist. LEXIS 24, Counsel Stack Legal Research, https://law.counselstack.com/opinion/in-re-price-circtdmd-1872.

Opinion

Related

Cite This Page — Counsel Stack