In re Yturregui Hermanos
In re Yturregui Hermanos
Opinion of the Court
delivered the following opinion:
The petition and the undisputed facts in this case show that Yturregui Hermanos, a partnership, was adjudicated a bankrupt March 2, 1914, and that they afterwards made a composition with their creditors, confirmed by this court May 4, 1914. That the necessary funds were deposited with the clerk, and by him with the depositary of this court May 4, 1914, and that the sum of $73.59 remains unclaimed, being the proportion deposited to meet the claims of certain creditors who failed to make due proof. Santiago Yturregui, by his attorney Salvador Suau, petitions that this amount be paid him.
2. A more difficult question is as to whether the fund is re--turnable at all, now more than five years after it was deposited for the purpose of composition. Revised Statutes, § 995, Comp. Stat. § 1644, 6 Fed: Stat. Anno. 2d ed. p. 631, provides that all moneys paid into court shall be deposited, amongst other ways, with a designated depositary of the United States in the name and to the credit of the court, in this case the depositary being the '’American Colonial Bank of Porto Rico. Section 996 of the Revised Statutes provides that “no money deposited as aforesaid shall be withdrawn except by order of the judge . . . to be signed by such judge and, to be entered and certified of record by the clerk; and every such order shall state the cause in or on account of which it is drawn.” In every case in which the right to withdraw money so deposited has been adjudicated or is not in dispute, and such money has
“At least five years” have elapsed, but no order in fact has been made by this court withdrawing tbe fund from tbe depositary and depositing it in tbe Treasury of tbe United States, so that there is no more need of notice to tbe district attorney than there is for any order to tbe United States Treasurer. In other words, tbe contingency has not arisen giving-tbe district attorney or tbe Treasurer any concern in tbe matter.. Tbe fund is still in tbe local depositary subject to orders of this court, and there is no difficulty determining, “tbe person entitled thereto.” Indeed this “is not in dispute.” It is to be noted, however, that tbe money is to be turned over- to tbe person who made tbe deposit, whether that be' tbe individual or tbe partnership itself.
It is so ordered.
Reference
- Full Case Name
- IN THE MATTER OF YTURREGUI HERMANOS, Bankrupts
- Status
- Published