Price v. GurneyAnnotate this Case
324 U.S. 100 (1945)
U.S. Supreme Court
Price v. Gurney, 324 U.S. 100 (1945)
Price v. Gurney
Argued January 12, 1945
Decided February 5, 1945
324 U.S. 100
1. The bankruptcy court is without jurisdiction to entertain a Chapter X petition filed on behalf of a corporation (organized under state law) by stockholders who, under the local law, are without authority to institute such proceedings, even though that authority might have been obtainable under the local law by proceedings in another forum. P. 324 U. S. 106.
2. Under the Bankruptcy Act, the power of the bankruptcy court over the debtor and its property prior to the approval of the petition does not extend to this situation. P. 324 U. S. 106.
142 F.2d 404 reversed.
Certiorari, 33 U. S. 696, to review the reversal of an order of the bankruptcy court dismissing a petition under Chapter X of the Bankruptcy Act.
Official Supreme Court case law is only found in the print version of the United States Reports. Justia case law is provided for general informational purposes only, and may not reflect current legal developments, verdicts or settlements. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or information linked to from this site. Please check official sources.