US SUPREME COURT DECISIONS

HOUSTON V. CITY BANK OF NEW ORLEANS, 47 U. S. 486 (1848)

Subscribe to Cases that cite 47 U. S. 486

U.S. Supreme Court

Houston v. City Bank of New Orleans, 47 U.S. 6 How. 486 486 (1848)

Houston v. City Bank of New Orleans

47 U.S. (6 How.) 486

Syllabus

The district court of the United States, sitting in bankruptcy, had power to decree a sale of the mortgaged property of a bankrupt, and if there are more mortgages than one, and the proceeds of sale are insufficient to discharge the eldest mortgage, the purchaser will hold the property free and clear of all encumbrances arising from the junior mortgage.

The facts in the case are fully set forth in the opinion of the Court. chanrobles.com-red

Page 47 U. S. 504



























chanrobles.com



ChanRobles Legal Resources:

ChanRobles On-Line Bar Review

ChanRobles Internet Bar Review : www.chanroblesbar.com

ChanRobles MCLE On-line

ChanRobles Lawnet Inc. - ChanRobles MCLE On-line : www.chanroblesmcleonline.com