In the Matter of Regal Petroleum Products Company. William E. Chambers, Trustee
This text of 413 F.2d 299 (In the Matter of Regal Petroleum Products Company. William E. Chambers, Trustee) 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
OPINION OF THE COURT
We agree with Judge Kraft in the District Court, 287 F.Supp. 458, that in this case the Commonwealth of Pennsylvania has a valid statutory lien claim in the amount of $849.46 for its corporate taxes under Pennsylvania law. We also agree that since that lien has never been accompanied by possession of the personal property to which the lien applied, it shall be postponed in payment to the debts specified in clauses (1) and (2) of subsection (a) of section 64 of the Bankruptcy Act, 11 U.S.C.A. § 104(a).
The judgment of the District Court will be affirmed.
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413 F.2d 299, Counsel Stack Legal Research, https://law.counselstack.com/opinion/in-the-matter-of-regal-petroleum-products-company-william-e-chambers-ca3-1969.