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SECURITY MORTGAGE CO. v. POWERS

No. 32.

278 U.S. 149 (1928)

49 S.Ct. 84

73 L.Ed. 236

SECURITY MORTGAGE COMPANY v. POWERS, TRUSTEE IN BANKRUPTCY.

Supreme Court of United States.

Decided December 10, 1928.

Attorney(s) appearing for the Case

Mr. John E. Benton for petitioner.

Mr. Walter S. Dillon for respondent.

MR. JUSTICE BRANDEIS delivered the opinion of the Court.

The Florida Furniture Company was adjudicated bankrupt in the Southern District of Florida. Among its assets was real estate in Georgia, acquired by purchase from the Hanson Motor Company. An ancillary receiver appointed in the Northern District of Georgia took possession of this property. It was subject to a loan deed (see Scott v. Paisley, 271 U.S. 632) given to...

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