CHANROBLES VIRTUAL LAW LIBRARY
US LAWS, STATUTES and CODES : Chan Robles Virtual Law Library USA Supreme Court Decisions | Resolutions : Chan Robles Virtual Law Library

ChanRobles™ Virtual Law Library™ | chanrobles.com™   
Main Index Repository of Laws, Statutes and Codes Latest Philippine Supreme Court Decisions Chan Robles Virtual Law Library Latest Legal Updates Philippine Legal Resources Significant Philippine Legal Resources Worldwide Legal Resources Philippine Supreme Court Decisions United States Legal Resources United States Supreme Court Jurisprudence ChanRobles LawTube - Social Network

ChanRobles Internet Bar Review : www.chanroblesbar.com DebtKollect Company, Inc. - Debt Collection Firm Intellectual Property Division - Chan Robles Law Firm

Philippine Supreme Court DecisionsChanRobles On-Line Bar Review

google search for chanrobles.comSearch for www.chanrobles.com


THOMPSON V. MAGNOLIA PETROLEUM CO., 309 U. S. 478 (1940)

Subscribe to Cases that cite 309 U. S. 478 RSS feed for this section

U.S. Supreme Court

Thompson v. Magnolia Petroleum Co., 309 U.S. 478 (1940)

Thompson v. Magnolia Petroleum Co.

No. 481

Argued February 28, 1940

Decided March 25, 1940

309 U.S. 478

Syllabus

In a railroad reorganization proceeding under § 77 of the Bankruptcy Act in the federal court for Missouri, rights in oil underlying the right of way of the railroad in Illinois were claimed by the trustee and by others adversely. The trustee had possession of the right of way lands under claim of fee simple ownership.

Held:

1. The bankruptcy court had summary jurisdiction to adjudicate the question of title. P. 309 U. S. 481.

2. The bankruptcy court did not abuse its discretion in ordering that the underlying oil be extracted and marketed, to prevent irreparable loss to the estate by its being drained off through wells on adjacent lands, and that the net proceeds thereof be impounded pending determination as to the rightful owner. P. 482.

3. Under the circumstances, the ownership of the fee to the right of way lands should be determined by the state courts of Illinois, and the bankruptcy court should order the trustee to proceed accordingly. P. 309 U. S. 483.

106 F.2d 217 reversed.

Certiorari, 308 U.S. 630, to review a decree which reversed an order of the District Court and directed dismissal chanroblesvirtualawlibrary

Page 309 U. S. 479

of a petition to that court by a trustee in a proceeding under § 77 of the Bankruptcy Act.





Back
ChanRobles™ LawTube

google search for chanrobles.com Search for www.chanrobles.com


Supreme Court Decisions Philippine Supreme Court DecisionsUS Supreme Court Decisions



www.chanrobles.us




QUICK SEARCH

cralaw

Browse By ->> Volume


cralaw

Browse By ->> Year


cralaw

  Copyright © ChanRobles Publishing Company | Disclaimer | E-mail Restrictions
ChanRobles™ Virtual Law Library | chanrobles.com™
 
RED