New River Coal Land Co. v. Ruffner Bros.
This text of 165 F. 881 (New River Coal Land Co. v. Ruffner Bros.) is published on Counsel Stack Legal Research, covering Court of Appeals for the Fourth Circuit primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
We have given careful consideration to the arguments submitted, and are of opinion that the order granting a stay of proceedings in the state court was clearly authorized by the bankruptcy act. In the administration of the affairs of insolvent persons and corporations the jurisdiction of the federal courts in bankruptcy is essentially exclusive. “The intent of the bankruptcy law,” says the Supreme Court in Re Watts & Sachs, 190 U. S. 27, 23 Sup. Ct. 718, 47 L. Ed. 933, “is to place the administration of affairs of insolvents exclusively under the jurisdiction of the bankruptcy courts.” Bankr. Act July 1, 1898, c. 541, § 11a, 30 Stat. 549 [U. S. Comp. St. 1901, p. 3426]; Bryan v. Bernheimer, 181 U. S. 188, 21 Sup. Ct. 557, 45 L. Ed. 814; Mueller v. Nugent, 184 U. S. 1, 22 Sup. Ct. 269, 46 L. Ed. 405; In re Knight (D. C.) 11 Am. Bankr. Rep. 1, 125 Fed. 35.
The judgment of the court below is affirmed.
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Cite This Page — Counsel Stack
165 F. 881, 91 C.C.A. 559, 1908 U.S. App. LEXIS 4810, Counsel Stack Legal Research, https://law.counselstack.com/opinion/new-river-coal-land-co-v-ruffner-bros-ca4-1908.