Bayly v. University,
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106 U.S. 11 (1882)
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U.S. Supreme Court
Bayly v. University, 106 U.S. 11 (1882)
Bayly v. University
Decided November 6, 1882
106 U.S. 11
1. A composition between a bankrupt and his creditors, under sec. 17 of the Act of June 22, 1874, c. 390, although ratified by the proper district court, did not discharge him from a debt or a liability incurred by him while acting in a fiduciary character.
2. That section did not repeal sec. 5117 Rev.Stat. Wilmot v. Mudge, 103 U. S. 217, cited upon this point and approved.
The facts are sufficiently stated in the opinion of the Court.