Ferro, Inc., and Bolling R. Powell, Jr. v. John Thompson Beacon Windows, Ltd.

U.S. Court of Appeals for the D.C. Circuit
Ferro, Inc., and Bolling R. Powell, Jr. v. John Thompson Beacon Windows, Ltd., 278 F.2d 280 (D.C. Cir. 1960)
Bastian, Edgerton, Per Curiam, Reed

Ferro, Inc., and Bolling R. Powell, Jr. v. John Thompson Beacon Windows, Ltd.

Opinion

PER CURIAM.

a n x x, t -ix Appellant Ferro, Inc., an insolvent eorporation, paid its debt to appellant Powell, its sole stockholder and managing director. The District Court found that. this Pansier of the corporation’s funds. was made with intent “to hinder or delay” appellee, a creditor. The finding . , . , . , ,, is not clearly erroneous and supports the court’s conclusion that the transfer was vo^ as a&ainst aPPe^ee under D.C.Code, § 12-401.

Affirmed,

Reference

Full Case Name
FERRO, INC., and Bolling R. Powell, Jr., Appellants v. JOHN THOMPSON BEACON WINDOWS, LTD., Appellee
Status
Published