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LINCOLN v. RICKETTS

No. 348.

297 U.S. 373 (1936)

56 S.Ct. 507

80 L.Ed. 724

CITY OF LINCOLN ET AL. v. RICKETTS, TRUSTEE IN BANKRUPTCY.

Supreme Court of United States.

Decided March 2, 1936.

Attorney(s) appearing for the Case

Mr. Don W. Stewart, with whom Mr. Karl W. Kindleberger was on the brief, for petitioners.

Mr. R.A. Boehmer, with whom Mr. A.W. Field was on the brief, for respondent.

MR. CHIEF JUSTICE HUGHES delivered the opinion of the Court.

The City of Lincoln, Nebraska, a municipal corporation, sought priority in the payment of its claim against the Lincoln Trust Company, bankrupt. The claim was for $45,000, with interest. The City based its contention on § 64b of the Bankruptcy Act, and also claimed that the amounts in question had been placed in the custody of the Trust Company as a trust fund. The District Court held that the City...

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