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MOORE V. BAY, 284 U. S. 4 (1931)

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U.S. Supreme Court

Moore v. Bay, 284 U.S. 4 (1931)

Moore v. Bay

No. 27

Argued October 22, 1931

Decided November 2, 1931

284 U.S. 4

Syllabus

1. The provisions of the Bankruptcy Act concerning liens are superior to state laws. P. 284 U. S. 5.

2. In the administration of an estate in bankruptcy, a chattel mortgage which, under the state law, is bad a against creditors who were such at the date of the mortgage, or who became such between the date of the mortgage and the date on which it was recorded, should not be given priority over those who gave the bankrupt credit at a later date, after the mortgage was on record. Bankruptcy Act, §§ 70, 67, and 65. Id.

45 F.2d 449 reversed.

Certiorari, 283 U.S. 814, to review an affirmance of an order of the district court holding a chattel mortgage to be valid as to creditors whose claims came into existence subsequently to its recordation.





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