McKenzie v. Irving Trust Co.

How courts have described this case

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

• noting that, “[i]n the absence of any controlling federal statute,” a creditor may acquire rights to property transferred by a debtor “only by virtue of state law”
• explaining that although what constitutes a transfer and when it is complete is a federal question, in the absence of any controlling federal statute a creditor or bona fide purchaser must prove that he acquired rights in the property transferred by the debtor by virtue of a state law
• “The provisions of the statute governing assignments of claims against the Government are for the protection of the Government and not for the equities of the claimants as between themselves.”
• meaning of “transfer” under the Bankruptcy Act
• discussing the impact of violating this statute

Source: CourtListener parenthetical corpus (CC0).