In Re Bullion Reserve of North America, a California Corporation, Debtor. Curtis B. Danning, Chapter 7 Trustee v. Michael L. Miller

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• noting that a subsequent transferee cannot be an entity for whose benefit the initial transfer was made, even if the subsequent transferee actually receives a benefit from the initial transfer
• discussing both the dominion test and the control test but ultimately selecting and relying exclusively on the \dominion test\
• discussing both the dominion test and the control test but ultimately selecting and relying exclusively on the “dominion test”
• where recipient of money had contractual obligation to immediately transfer funds, he was not initial transferee even though the funds were eventually spent for his benefit
• a subsequent transferee cannot be an entity for whose benefit the initial transfer was made, even if the subsequent transferee actually receives a benefit from the initial transfer
• court holding that the transfer must have been for the entity’s benefit and that such benefit be a result of the initial transfer from the debtor and not some subsequent transfer

Source: CourtListener parenthetical corpus (CC0).