Dayton v. Stanard
Citations
- 241 U.S. 588
- 36 S. Ct. 695
- 60 L. Ed. 1190
- 1916 U.S. LEXIS 1683
Syllabus
<p>Under § 64a of thé Bankruptcy Act the holders of tax certificates who have paid taxes and assessments on property of the bankrupt at tax sales of such property, which sales have been declared invalid, are entitled to be reimbursed the amount paid, on cancellation of their certificates, out of the general fund of the bankrupt’s estate, with legal interest, but not with the larger interest and penalties imposed by statute in tax sale redemptions.</p>
How courts have described this case
Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.
- observing that “the ordinary legal rate” is the statutorily-fixed rate of interest that will apply when there is no contract
- affirmed lower court decision holding that property taxes accruing subsequent to bankruptcy were legally due and owing by the bankrupt and, therefore, entitled to the same priority in bankruptcy proceedings as taxes which accrued prior to bankruptcy
Source: CourtListener parenthetical corpus (CC0).
Judges: Van Devanter
Read full opinion on CourtListenerSourced from CourtListener / Free Law Project (CC0).
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